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UNITED FIRE GROUP INC — Director's Dealing 2009
May 26, 2009
32438_dirs_2009-05-26_11bb0797-3df7-4adf-bac5-a4974aada51e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED FIRE & CASUALTY CO (UFCS)
CIK: 0000101199
Period of Report: 2009-05-20
Reporting Person: HUTCHINS KENT J (VP/COO - United Life Ins. Co.)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-05-20 | Stock Option (right to buy) | $18.14 | A | 2500 | Acquired | 2019-05-20 | Common Stock (2500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 226 | Indirect |
Footnotes
F1: The amount of securities beneficially held includes: approximately 105 shares held in a Company 401(k) account for Mr. Hutchins' benefit, based on a statement of the plan trustee; and 121 shares held in the Company's Employee Stock Ownership Plan for Mr. Hutchins' benefit.
F2: The number of securities shown as being held in or acquired by the Company 401(k) account for Mr. Hutchins' benefit are the approximate number of shares of common stock for which Mr. Hutchins has the right to direct the vote under the 401(k) plan. Such shares are not directly allocated to plan participants, but are instead held in a unitized fund consisting primarily of common stock, together with a small percentage of short-term investments. Participants acquire units of this fund.
F3: 2,500 options become exercisable in five equal installments of 500 options each on 05/20/2010, 05/20/2011, 05/20/2012, 05/20/2013 and 05/20/2014.
F4: The total number of derivative securites held includes: 1,600 stock options currently exercisable; 150 stock options vesting in three equal installments of 50 shares each on 09/01/2009, 09/01/2010, and 09/01/2011; 1,500 stock options vesting in three equal installments of 500 shares each on 02/16/2010, 02/16/2011, and 02/16/2012; 2,000 stock options vesting in four equal installments of 500 shares each on 02/15/2010, 02/15/2011, 02/15/2012, and 02/15/2013; and 2,500 stock options vesting in five equal installments of 500 shares each on 05/20/2010, 05/20/2011, 05/20/2012, 05/20/2013 and 05/20/2014.