Filing Details
- Accession Number:
- 0001209191-13-009860
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-02-19 18:16:54
- Reporting Period:
- 2013-02-15
- Filing Date:
- 2013-02-19
- Accepted Time:
- 2013-02-19 18:16:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 101199 | United Fire Group Inc | UFCS | Fire, Marine & Casualty Insurance (6331) | 452302834 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1451189 | W Barrie Ernst | 118 Second Avenue Se P.o. Box 73909 Cedar Rapids IA 52407-3909 | Vp/Chief Investment Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2013-02-15 | 1,934 | $23.96 | 6,592 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2013-02-15 | 14 | $23.96 | 5,451 | No | 5 | P | Indirect | By 401(k) Account for Self |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 5 | P | Indirect | By 401(k) Account for Self |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | Acquisiton | 2013-02-15 | 6,785 | $0.00 | 6,785 | $23.96 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,785 | 2023-02-15 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 400 | Indirect | By Issuer's Employee Stock Ownership Plan for self |
| Common Stock | 1,027 | Indirect | By spouse |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | $20.54 | 2021-02-18 | 6,599 | 6,599 | Direct | |
| Common Stock | Stock Option (right to buy) | $22.42 | 2020-05-18 | 3,000 | 3,000 | Direct | |
| Common Stock | Stock Option (right to buy) | $33.43 | 2018-05-21 | 7,114 | 7,114 | Direct | |
| Common Stock | Stock Option (right to buy) | $35.23 | 2017-02-16 | 5,000 | 5,000 | Direct | |
| Common Stock | Stock Option (right to buy) | $39.13 | 2016-02-17 | 2,500 | 2,500 | Direct | |
| Common Stock | Stock Option (right to buy) | $32.39 | 2015-02-18 | 2,500 | 2,500 | Direct | |
| Common Stock | Stock Option (right to buy) | $21.66 | 2014-02-20 | 2,000 | 2,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-02-18 | 6,599 | 6,599 | Direct |
| 2020-05-18 | 3,000 | 3,000 | Direct |
| 2018-05-21 | 7,114 | 7,114 | Direct |
| 2017-02-16 | 5,000 | 5,000 | Direct |
| 2016-02-17 | 2,500 | 2,500 | Direct |
| 2015-02-18 | 2,500 | 2,500 | Direct |
| 2014-02-20 | 2,000 | 2,000 | Direct |
Footnotes
- This transaction represents a grant of restricted stock to the Reporting Person under the Issuer's 2008 Stock Plan.
- The price per share is the closing price of the Issuer's common stock on the date of the reported transaction.
- The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 1,944 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; 2,714 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; and 1,934 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018.
- The deemed execution date of this transaction is the statement date as provided by the Issuer's 401(k)Plan trustee/administrator.
- Shares acquired through payroll deduction and participation in the Issuer's 401(k) Plan.
- This transaction qualifies as a non-discretionary transaction from a tax-qualified plan and is voluntarily reported on Form 4.
- Represents the approximate number of shares acquired by the trustee/administrator of the Issuer's 401(k)Plan for the reporting person's benefit, based on a statement of the plan trustee/administrator.
- The price per share is based on a statement provided by the Issuer's 401(k) Plan trustee/administrator.
- The number of securities shown as being held in or acquired by the Issuer's 401(k) account for the Reporting Person's benefit are the approximate number of shares of common stock for which the Reporting Person has the right to direct the vote under the Issuer's 401(k) plan. Such shares are not directly allocated to 401(k) Plan participants, but are instead held in a unitized fund consisting primarily of common stock, together with a small percentage of short-term investments. 401(k) Plan participants acquire units of this fund.
- The exercise price of these stock options represents the closing price of the Issuer's common stock on the grant date.
- 6,785 options that become exercisable in five equal installments of 1,357 options each on 02/15/2014, 02/15/2015, 02/15/2016, 02/15/2017 and 02/15/2018.
- 2,720 options currently exercisable; 2,740 options become exercisable in two equal installments of 1,370 options each on 02/18/2014 and 02/18/2015; and 1,369 options exercisable 02/18/2016.
- 1,200 options currently exercisable and 1,800 options become exercisable in three equal installments of 600 options each on 05/19/2013, 05/19/2014 and 05/19/2015.
- 5,691 options currently exercisable and 1,423 options become exercisable on 05/21/2013.
- All options currently exercisable.
Billionaire Hedge Funds
