DONEGAL GROUP INC — Director's Dealing 2015

May 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONEGAL GROUP INC (DGICA)
CIK: 0000800457
Period of Report: 2015-05-19

Reporting Person: PANDEY SANJAY (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-19	Class A Common Stock	M	72	$14	Acquired	276	Direct
2015-05-19	Class A Common Stock	S	72	$15.112	Disposed	204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-19	Options	$14	M	72	Disposed	2015-07-15	Class A Common Stock (72)	Direct

Footnotes

F1: Exercise of employee stock option under Rule 16b-3. The exercise of options reported in Table II of this Form 4 Report resulted in the acquisition of 72 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.