DONEGAL GROUP INC — Director's Dealing 2015

Jun 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONEGAL GROUP INC (DGICA)
CIK: 0000800457
Period of Report: 2015-06-04

Reporting Person: NIKOLAUS DONALD H (Director, See Remarks, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-04	Class A Common Stock	M	50000	$14	Acquired	159389.869	Direct
2015-06-04	Class A Common Stock	S	50000	$14.8	Disposed	109389.869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-04	Employee Stock Option (right to buy)	$14	M	50000	Disposed	2015-07-15	Class A Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	176345.957	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	51705.828	Indirect
Class B Common Stock	589	Indirect
Class B Common Stock	3938	Indirect

Footnotes

F1: Exercise of employee stock options under Rule 16b-3. As reported in Table II of this Form 4 Report, the exercise of options resulted in the acquisition of 50,000 shares of Class A Common Stock under Rule 16b-3, as reported in Table I of this Form 4 Report, which were concurrently sold, as reported in Table I of this Form 4 Report.