DONEGAL GROUP INC — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONEGAL GROUP INC (DGICA)
CIK: 0000800457
Period of Report: 2015-05-13

Reporting Person: GREENYA CYRIL J (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-13	Class A Common Stock	M	50000	$14	Acquired	56026	Direct
2015-05-13	Class A Common Stock	S	50000	$15.176	Disposed	6026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-13	Options	$14	M	50000	Disposed	2015-07-15	Class A Common Stock (50000)	Direct

Footnotes

F1: Exercise of employee stock options under Rule 16b-3. The exercise of options reported in Table II of this Form 4 Report 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 also reported in Table I of this Form 4 Report.