SEC Form 4 · accession 0001209191-17-005264
HCI Group, Inc. · HCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew L. Graham
Officer — GC/Corporate Secretary
Period of report
Jan 15, 2017
Accepted (ET)
Jan 24, 2017 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001400810
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 15, 2017 | F | 205 | $39.39 | D | 1,885 | D | |
| Common Stock | holding | — | — | — | 2,760 | I | By Andrew L. Graham IRA | |
| Common StockF1 | holding | — | — | — | 19,615 | D | ||
| Common StockF4 | holding | — | — | — | 2,334 | D | ||
| Common Stock | holding | — | — | — | 300 | D | ||
| Common StockF5 | holding | — | — | — | 2,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes a Restricted Stock Grant of 20,000 shares effective 5/8/2012: Restrictions on 10,000 shares of the Restricted Stock will lapse in annual increments of 2,000 shares beginning on the first anniversary of the Vesting Date of 5/8/2012. With respect to the remaining 10,000 restricted shares, the restriction period will lapse and 2,000 restricted shares will vest one year after the market price of HCI common shares equals or exceeds the target price in each case for 20 consecutive trading days. The target prices set for this grant are $16, $19, $22, $25 and $28. The number of shares reported in column 5 includes 2,000 unvested shares pursuant to this 5/8/2012 restricted stock grant.
- F2205 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 625 restricted shares on 01/15/2017.
- F3Restricted stock grant of 2,500 shares effective 2/28/2014: Restriction period will lapse and the restricted shares will vest as follows: 625 shares on each of January 15, 2015, January 15, 2016, January 15, 2017, and January 15, 2018. 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 2/28/2014. The number of shares reported in column 5 includes 625 unvested shares pursuant to this 2/28/2014 restricted stock grant.
- F4Restricted stock grant of 2,500 shares effective 5/20/2015: Restriction period will lapse and the restricted shares will vest as follows: 625 shares on each of May 20, 2016, May 20, 2017, May 20, 2018, and May 20, 2019. 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 5/20/2015. The number of shares reported in column 5 includes 1,875 unvested shares pursuant to this 5/20/2015 restricted stock grant.
- F5Restricted stock grant of 2,500 shares effective 6/06/2016: Restriction period will lapse and the restricted shares will vest as follows: 625 shares on each of May 20, 2017, May 20, 2018, May 20, 2019, and May 20, 2020. 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 6/06/2016.