Brad Martz - Apr 3, 2021 Form 4/A - Amendment Insider Report for UNITED INSURANCE HOLDINGS CORP. (UIHC)

Role: President & CFO
Signature: /s/ Jessica Strathman, Attorney-in-Fact for Brad Martz
Stock symbol: UIHC
Transactions as of: Apr 3, 2021
Transactions value $: -$4,400
Form type: 4/A - Amendment
Date filed: 5/12/2021, 04:47 PM
Date Of Original Report: Apr 26, 2021
Next filing: May 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UIHC	Common Stock	Options Exercise	$0	+1.92K	+3.17%	$0.00	62.6K	Apr 3, 2021	Direct
transaction	UIHC	Common Stock	Tax liability	-$4.4K	-579	-0.92%	$7.60	62.1K	Apr 3, 2021	Direct

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
transaction	UIHC	Dividend Equivalent Units	Options Exercise	$0	-109	-14.75%	$0.00	630	Apr 3, 2021	Common Stock	109		Direct	F1, F2
transaction	UIHC	Restricted Stock Units	Options Exercise	$0	-1.81K	-11.78%	$0.00	13.6K	Apr 3, 2021	Common Stock	1.81K		Direct	F1, F3
transaction	UIHC	Nonqualified Stock Options	Award	$0	+55.8K		$0.00	55.8K	Apr 23, 2021	Common Stock	55.8K	$6.16	Direct	F4, F5
transaction	UIHC	Restricted Stock Units	Award	$0	+16.6K	+122.46%	$0.00	30.2K	Apr 23, 2021	Common Stock	16.6K		Direct	F1, F4, F6
transaction	UIHC	Performance Stock Units	Award	$0	+33.3K	+139.91%	$0.00	57.1K	Apr 23, 2021	Common Stock	33.3K		Direct	F1, F4, F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each stock unit represents a conditional right to receive one share of the company's common stock.
F2	The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate.
F3	On April 3, 2019, the reporting person was granted 5,440 restricted stock units, vesting in three annual installments of approximately equal size beginning the first anniversary of the date of the grant.
F4	Amended to correct amount of shares granted.
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 restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F7	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.
F8	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.