Paresh Patel - Jan 16, 2023 Form 4 Insider Report for HCI Group, Inc. (HCI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Paresh Patel
Stock symbol
HCI
Transactions as of
Jan 16, 2023
Transactions value $
$0
Form type
4
Date filed
2/1/2023, 03:04 PM
Previous filing
Aug 24, 2022
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HCI Common Stock 333K Jan 16, 2023 Direct F1
holding HCI Common stock 37.5K Jan 16, 2023 IRA
holding HCI Common stock 447K Jan 16, 2023 Direct F2
holding HCI Common Stock 10K Jan 16, 2023 Direct F3
holding HCI Common Stock 10K Jan 16, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HCI Stock Option (Right to Buy) 110K Jan 16, 2023 Common 110K $40.00 Direct F5, F6
holding HCI Stock Option (Right to Buy) 110K Jan 16, 2023 Common 110K $40.00 Direct F5, F7
holding HCI Stock Option (Right to Buy) 110K Jan 16, 2023 Common 110K $53.00 Direct F5, F8
holding HCI Stock Option (Right to Buy) 110K Jan 16, 2023 Common 110K $48.00 Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person had 10,000 restricted shares vest on January 15, 2023 and 10,000 restricted shares vest on January 16, 2023. The purpose of this filing is to update the classification of the Reporting Person's shares.
F2 Shares held jointly with spouse.
F3 Restricted stock grant of 40,000 shares effective January 16, 2020: Restrictions on 10,000 shares will lapse on each of January 16, 2021, January 16, 2022, January 16, 2023, and January 16, 2024. 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 16, 2020.
F4 Restricted stock grant of 10,000 shares effective 2/26/2021: Restricted shares will vest, if ever, on the first anniversary of the date on which the company stock value first equals or exceeds $140 for 30 consecutive trading days on the applicable exchange. 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 agreement dated 2/26/2021.
F5 The options were granted pursuant to the HCI Group, Inc. 2012 Omnibus Incentive Plan.
F6 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. All options have vested and may be exercised at any time up to and including January 7, 2027.
F7 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. All options have vested and may be exercised at any time up to and including February 8, 2028.
F8 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. All options have vested and may be exercised at any time up to and including January 15, 2029.
F9 The options were granted on January 16, 2020 at an exercise price of $48.00 per share, in excess of the $45.97 market value. Of the 110,000 options, 82,500 have vested and the remaining 27,500 options will vest January 16, 2024. Once vested, the options may be exercised at any time up to and including January 16, 2030.