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HIIQ > SEC Filings for HIIQ > Form 8-K on 16-Dec-2013All Recent SEC Filings




Other Events

Item 8.01. Other Events.

On December 9, 2013, Michael W. Kosloske, the Chief Executive Officer of Health Insurance Innovations, Inc., a Delaware corporation (the "Company"), was awarded 155,000 shares of Class A common stock under the Company's Long Term Incentive Plan. The Company expects to recognize a non-cash expense of $1.6 million in connection with the award, all in the fourth quarter of 2013.

On December 13, 2013, Mr. Kosloske adopted a trading plan in accordance with the Company's insider trading policy, which plan is intended to satisfy the provisions of Rule 10b5-1 under the Securities Exchange Act of 1934. This Rule 10b5-1 trading plan contemplates periodic sales, up to 86,855 in aggregate, of shares of Class A common stock by Mr. Kosloske during a sale period beginning February 2014, all in accordance with the terms of the plan. As of December 13, 2013, Mr. Kosloske beneficially owned 8,556,667 shares of Class A common stock, primarily through shares of Class B common stock of the Company that are exchangeable for shares of Class A common stock and which are not listed for trading. The Company does not intend to update or otherwise revise the information contained in this paragraph to reflect any sales subsequently reported by Mr. Kosloske.

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