4//SEC Filing
Patel Paresh 4
Accession 0001209191-19-031697
CIK 0001400810other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 3:31 PM ET
Size
15.8 KB
Accession
0001209191-19-031697
Insider Transaction Report
Form 4
Patel Paresh
DirectorExecutive Chairman
Transactions
- Other
Common stock
2019-05-17−200,000→ 0 total
Holdings
- 20,000
Common Stock
- 30,000
Common Stock
- 40,000
Common Stock
- 110,000
Stock Option (Right to Buy)
Exercise: $40.00Exp: 2027-01-07→ Common (110,000 underlying) - 110,000
Stock Option (Right to Buy)
Exercise: $40.00Exp: 2028-02-08→ Common (110,000 underlying) - 35,000(indirect: By IRA)
Common stock
- 203,000
Common Stock
- 447,000
Common stock
- 110,000
Stock Option (Right to Buy)
Exercise: $53.00Exp: 2029-01-15→ Common (110,000 underlying)
Footnotes (9)
- [F1]A restricted stock award of 400,000 shares was granted May 16, 2013 with the provision that any unvested shares would be forfeited six years and one day after the grant date. The award was divided into four tranches of 100,000 shares each for which vesting was dependent upon the Issuer's common stock meeting certain price levels. Of the 400,000 shares, a 100,000 share tranche vested in 2013 and a 100,000 share tranche was cancelled pursuant to an agreement on February 23, 2016. The remaining 200,000 shares were forfeited on May 17, 2019. These shares had been granted pursuant to the Issuer's 2012 Omnibus Incentive Plan.
- [F2]Shares held jointly with spouse.
- [F3]Restricted stock grant of 40,000 shares effective January 7, 2017: Restrictions on 20,000 shares have lapsed. Restrictions on the remaining 20,000 shares will lapse in 10,000 amounts on each of January 7, 2020 and January 7, 2021. These shares were granted by the Company pursuant to the Company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock award contract dated January 7, 2017.
- [F4]Restricted stock grant of 40,000 shares effective February 8, 2018: Restrictions on 10,000 shares have lapsed. Restrictions on the remaining 30,000 shares will lapse in 10,000 amounts on each of February 8, 2020, February 8, 2021, and February 8, 2022. These shares were granted by the Company pursuant to the Company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock award contract dated February 8, 2018.
- [F5]Restricted stock grant of 40,000 shares effective January 15, 2019: Restrictions on 10,000 shares will lapse on each of January 15, 2020, January 15, 2021, January 15, 2022, and January 15, 2023. These shares were granted by the Company pursuant to the Company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock award contract dated January 15, 2019.
- [F6]The options were granted pursuant to the HCI Group, Inc. 2012 Omnibus Incentive Plan.
- [F7]The options were granted on January 7, 2017 at an exercise price of $40.00 per share, in excess of the $39.71 market value. Commencing on January 7, 2018 and continuing on the same day of each calendar year thereafter through and including January 7, 2021, the amount of 27,500 options will vest and become exercisable on each such annual vesting date. Once vested, the options may be exercised at any time up to and including January 7, 2027.
- [F8]The options were granted on February 8, 2018 at an exercise price of $40.00 per share, in excess of the $34.92 market value. Commencing on February 8, 2019 and continuing on the same day of each calendar year thereafter through and including February 8, 2022, the amount of 27,500 options will vest and become exercisable on each such annual vesting date. Once vested, the options may be exercised at any time up to and including February 8, 2028.
- [F9]The options were granted on January 15, 2019 at an exercise price of $53.00 per share, in excess of the $47.94 market value. Commencing on January 15, 2020 and continuing on the same day of each calendar year thereafter through and including January 15, 2023, the amount of 27,500 options will vest and become exercisable on each such annual vesting date. Once vested, the options may be exercised at any time up to and including January 15, 2029.
Documents
Issuer
HCI Group, Inc.
CIK 0001400810
Entity typeother
Related Parties
1- filerCIK 0001439934
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 3:31 PM ET
- Size
- 15.8 KB