UNITED FIRE GROUP INC — Director's Dealing 2013

Aug 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-08-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-21	Common Stock	M	1800	$22.42	Acquired	10428	Direct
2013-08-21	Common Stock	S	1800	$31.7178	Disposed	8628	Direct
2013-08-22	Common Stock	M	3482	$20.54	Acquired	12110	Direct
2013-08-22	Common Stock	S	3482	$29.7771	Disposed	8628	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-21	Stock Option (right to buy)	$22.42	M	1800	Disposed	2020-05-19	Common Stock (1800)	Direct
2013-08-22	Stock Option (right to buy)	$20.54	M	3482	Disposed	2021-02-18	Common Stock (3482)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1388	Indirect
Common Stock	3643	Indirect

Footnotes

F1: This transaction represents the exercise and sale of vested, non-qualified stock options under a preapproved 10b-5 trading plan.

F2: The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 4,236 shares held individually by Ms. Lyons; 3,580 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,612 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018.

F3: The price per share represents the average market price of the shares sold upon option exercise as reported by the Reporting Person's broker.

F4: The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 2,436 shares held individually by Ms. Lyons; 3,580 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,612 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018.

F5: The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 5,918 shares held individually by Ms. Lyons; 3,580 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,612 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018.

F6: The number of securities shown as being held in, acquired or disposed of by the Issuer's 401(k) Plan for the Reporting Person's benefit are the approximate number of shares of common stock (excluding fractionals) for which the Reporting Person has the right to direct the vote under the Issuer's 401(k) Plan. Such shares are not directly allocated to 401(k) 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: 1,800 options currently exercisable and 1,200 options become exercisable in equal installments of 600 option shares each on 05/19/2014 and 05/19/2015.

F8: 3,482 options currently exercisable; 3,482 options become exercisable in two equal installments of 1,741 options each on 02/18/2014 and 02/18/2015; and 1740 options become exercisable on 02/18/2016.