UNITED FIRE GROUP INC — Director's Dealing 2012

Jan 9, 2012

SEC Form 4/A — Form 4/A

Issuer: UNITED FIRE & CASUALTY CO (UFCS)
CIK: 0000101199
Period of Report: 2011-12-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-19	Common Stock	M	400	$15.16	Acquired	6806	Direct
2011-12-19	Common Stock	D	308	$19.69	Disposed	6498	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-19	Stock Option (right to buy)	$15.16	M	400	Disposed	2012-02-15	Common Stock (400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1899	Indirect
Common Stock	1241	Indirect

Footnotes

F1: This transaction represents the exercise of vested, in-the-money stock options.

F2: The total number of securities beneficially held directly by the reporting person following the reported transaction includes: 3,580 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,151 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; and 1075 shares held of record by Ms. Lyons directly.

F3: This tranaction represents the exempt transfer of securities held longer than six months by Ms. Lyons to the Company to pay the exercise price of vested, in-the-money stock options.

F4: The price per share is the closing price of the Company's common stock on the date of the reported transaction.

F5: The total number of securities beneficially held directly by the reporting person following the reported transaction includes: 3,580 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,151 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; and 767 shares held of record by Ms. Lyons directly.

F6: The number of securities shown as being held in or acquired by the Issuer's 401(k) Plan for Ms. Lyons' benefit are the approximate number of shares of common stock for which Ms. Lyons 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. 401(k) Plan participants acquire units of this fund.

F7: All options currently exercisable.