DiFrancesco Paul F 4

4 · UNITED INSURANCE HOLDINGS CORP. · Filed Apr 5, 2019

Form 4

Period: 2018-11-27

Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
2019-04-03+1,526→ 18,354 total
Tax Payment
Common Stock
2019-04-03$16.25/sh−498$8,093→ 17,856 total
Exercise/Conversion
Performance Stock Units
[F1][F2][F3]
2019-04-03$16.25/sh−2,135$34,694→ 4,225 total
→ Common Stock (2,135 underlying)
Award
Performance Stock Units
[F1][F2][F3]
2019-04-03$16.25/sh+6,800$110,500→ 11,025 total
→ Common Stock (6,800 underlying)
Award
Restricted Stock Units
[F1][F4]
2019-04-03$16.25/sh+3,400$55,250→ 6,580 total
→ Common Stock (3,400 underlying)
Award
Nonqualified Stock Options
[F5]
2019-04-03$16.25/sh+9,219$149,809→ 9,219 total
Exercise: $16.25Exp: 2029-04-01→ Common Stock (9,219 underlying)
Award
Dividend Equivalent Units
[F1][F6]
2018-11-27$18.49/sh+21$388→ 21 total
→ Common Stock (21 underlying)
Award
Dividend Equivalent Units
[F1][F6]
2019-03-13$16.37/sh+23$377→ 44 total
→ Common Stock (23 underlying)

Holdings

Nonqualified Stock Options
[F5]
Exercise: $21.13Exp: 2028-10-05→ Common Stock (8,464 underlying)
8,464
Nonqualified Stock Options
[F5]
Exercise: $20.44Exp: 2028-09-18→ Common Stock (3,180 underlying)
3,180

Footnotes (6)

[F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
[F2]The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
[F3]The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
[F4]The restricted stock units are subject to vesting over three years with on third, rounded down to the nearest whole share of stock, vesting in each period.
[F5]Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period.
[F6]The dividend equivalent units will vest proportionately with the underlying restricted stock units or performance-based restricted stock units to which they relate. Dividend equivalent units credited in respect of performance-based restricted stock units that are not eligible for conversion at the end of the performance period will be cancelled.

Signature

/s/ Jessica Strathman, Attorney-in-Fact for Paul DiFrancesco|2019-04-05

Documents

1 file