UNITED FIRE GROUP INC — Director's Dealing 2013

Aug 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-06-14

Reporting Person: ERNST BARRIE W (VP/Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-21	Common Stock	M	2000	$21.66	Acquired	7959	Direct
2013-08-21	Common Stock	S	2000	$31.368	Disposed	5959	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-21	Stock Option (right to buy)	$21.66	M	2000	Disposed	2014-02-20	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1086	Indirect
Common Stock	5572	Indirect
Common Stock	435	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: 3,312 shares of stock held individually by Mr. Ernst; 2,714 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; and 1,933 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: 1,312 shares of stock held individually by Mr. Ernst; 2,714 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; and 1,933 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018.

F5: The number of securities shown as being held in, acquired by 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 Issuer common stock, together with a small percentage of short-term investments. 401(k) Plan participants acquire units of this fund.

F6: All options currently exercisable.