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Filing Details

Accession Number:: 0001209191-10-029294
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-20 13:00:00
Reporting Period:: 2010-05-14

Filing Date:: 2010-05-20
Accepted Time:: 2010-05-20 15:50:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
101199	United Fire & Casualty Co	UFCS	Fire, Marine & Casualty Insurance (6331)	420644327

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1451184	R Neal Scharmer	118 Second Avenue Se P.o. Box 73909 Cedar Rapids IA 52407-3909	Vp/General Counsel/Corp Sec	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-05-14	4	$22.45	2,077	No	5	P	Indirect	By 401(k) Plan for self

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	P	Indirect	By 401(k) Plan for self

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (right to buy)	Acquisiton	2010-05-19	3,000	$0.00	3,000	$22.42

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,039		2020-05-19	No	4	A	Direct

Footnotes

The deemed execution date of this transaction is the statement date as provided by the plan trustee/administator.
This transaction qualifies as a non-discretionary transaction from a tax conditioned plan and is voluntarily reported on Form 4.
Represents the approximate number of shares acquired by the trustee/administrator of the Company 401(k) account for Mr. Scharmer's benefit, based on a statement provided by the plan trustee/administrator.
The price per share is based on a statement provided by the plan trustee/administrator.
The number of securities beneficially held following the reported transaction includes: 1,268 shares of restricted stock issued under Company's 2008 Stock Plan, which vest, subject to certain conditions, on 05/21/2013; 679 shares held in the Company's Employee Stock Ownership Plan for Mr. Scharmer's benefit; and approximately 130 shares held in a Company 401(k) account for Mr. Scharmer's benefit, based on a statement of the plan trustee/administrator.
The number of shares shown as being held in or acquired or disposed of by the Company 401(k) account for Mr. Scharmer's benefit are the approximate number of shares of common stock for which Mr. Scharmer has the right to direct the vote under the 401(k) plan. Such shares are not directly allocated to plan participants, but are instead held in a unitized fund consisting primarily of common stock, together with a small percentage of short-term investments. Participants acquire units of this fund.
3,000 options become exercisable in five equal installments of 600 option shares each on 05/19/2011, 05/19/2012, 05/19/2013, 05/19/2014 and 05/19/2015.
The total number of derivative securites beneficially held following the reported transaction includes: 10,828 stock options currently exercisable; 500 stock options vesting on 02/17/2011; 2,000 stock options vesting in two equal installments of 1,000 option shares each on 02/16/2011, and 02/16/2012; 3,711 stock options vesting in three equal installments of 928 option shares each on 05/21/2010, 05/21/2011 and 05/21/2012, and 927 option shares on 05/21/2013; and 3,000 stock options vesting in five equal installments of 600 option shares each on 05/19/2011, 05/19/2012, 05/19/2013, 05/19/2014 and 05/19/2015.