UNITED FIRE GROUP INC — Director's Dealing 2009

Feb 25, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: UNITED FIRE & CASUALTY CO (UFCS)
CIK: 0000101199
Period of Report: 2009-02-25

Reporting Person: SCHARMER NEAL R (VP/General Counsel/Corp Sec)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1268	Direct
Common Stock	590	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$15.85	2013-02-21	Common Stock (400)		Direct
Stock Option (right to buy)	$21.66	2014-02-20	Common Stock (2000)		Direct
Stock Option (right to buy)	$32.39	2015-02-18	Common Stock (2500)		Direct
Stock Option (right to buy)	$39.13	2016-02-17	Common Stock (2500)		Direct
Stock Option (right to buy)	$35.23	2017-02-16	Common Stock (5000)		Direct
Stock Option (right to buy)	$33.43	2018-05-21	Common Stock (4639)		Direct

Footnotes

F1: Represents restricted shares of common stock granted under Company's 2008 Stock Plan. Shares vest, subject to certain conditions, on 05/21/2013.

F2: 400 options currently exercisable.

F3: 1,600 options currently exercisable and 400 options become exercisable on 02/20/2009.

F4: 1,500 options currently exercisable and 1,000 options become exercisable in two equal installments of 500 options each on 02/18/2009 and 02/18/2010.

F5: 1,000 options currently exercisable and 1,500 options become exercisable in three equal installments of 500 options each on 02/17/2009, 02/17/2010 and 02/17/2011.

F6: 1,000 options currently exercisable and 4,000 options become exercisable in four equal installments of 1,000 options each on 02/16/2009, 02/16/2010, 02/16/2011 and 02/16/2012.

F7: 927 options become exercisable on 05/21/2009 and 3,712 options become exercisable iin four equal installments of 928 option each on 05/12/2010, 05/12/2011, 05/21/2012 and 05/12/2013.