KEMPER Corp — Director's Dealing 2014

May 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEMPER Corp (KMPR)
CIK: 0000860748
Period of Report: 2014-05-07

Reporting Person: HOWARD JULIE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-07	Common Stock	A	500	—	Acquired	4500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-07	Stock Option	$37.53	A	4000	Acquired	2024-05-07	Common Stock (4000)	Direct

Footnotes

F1: Award of deferred stock units that are vested on the grant date and convert to shares of Common Stock on the date of the reporting person's departure from Kemper Corporation's board of directors.

F2: Award of option to buy stock with tandem stock appreciation right.