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UNITED FIRE GROUP INC Director's Dealing 2009

Feb 25, 2009

32438_dirs_2009-02-25_ff678b74-ac01-42eb-8f67-ed532be762ca.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Lyons Dianne M (VP/Chief Financial Officer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 280 Direct
Common Stock 2151 Direct
Common Stock 1047 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $15.16 2012-02-15 Common Stock (400) Direct
Stock Option (right to buy) $15.85 2013-02-21 Common Stock (1600) Direct
Stock Option (right to buy) $21.66 2014-02-20 Common Stock (2400) Direct
Stock Option (right to buy) $32.39 2015-02-18 Common Stock (5000) Direct
Stock Option (right to buy) $39.13 2016-02-17 Common Stock (5000) Direct
Stock Option (right to buy) $35.23 2017-02-16 Common Stock (10000) Direct
Stock Option (right to buy) $33.43 2018-05-21 Common Stock (7872) 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.

F4: 1,600 options currently exercisable and 800 options become exercisable on 02/20/2009.

F5: 3,000 options currently exercisable and 2,000 options become exercisable in two equal installments of 1,000 options each on 02/18/2009 and 02/18/2010.

F6: 2,000 options currently exercisable and 3,000 options become exercisable in three equal installments of 1,000 options each on 02/17/2009, 02/17/2010 and 02/17/2011.

F7: 2,000 options currently exercisable and 8,000 options become exercisable in four equal installments of 2,000 options each on 02/16/2009, 02/16/2010, 02/16/2011 and 02/16/2012.

F8: 4,722 options become exercisable in three equal installments of 1,574 options each on 05/21/2009, 05/21/2010 and 05/21/2011. 3,150 options become exercisable in two equal installments of 1,575 options each on 05/21/2012 and 05/21/2013.