DONEGAL GROUP INC — Director's Dealing 2014

Dec 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONEGAL GROUP INC (DGICA)
CIK: 0000800457
Period of Report: 2014-12-18

Reporting Person: NIKOLAUS DONALD H (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-18	Options	$15.9	A	100000	Acquired	2024-12-18	Class A Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	108989.869	Direct
Class A Common Stock	172350.261	Indirect
Class A Common Stock	16365.798	Indirect
Class A Common Stock	166369	Indirect
Class A Common Stock	12668	Indirect
Class B Common Stock	130210.44	Direct
Class B Common Stock	51637.532	Indirect
Class B Common Stock	589	Indirect
Class B Common Stock	3938	Indirect