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UNITED FIRE GROUP INC — Director's Dealing 2013
Feb 20, 2013
32438_dirs_2013-02-20_9b6c7e2d-81e3-4795-8c0b-d746c8b6391a.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-02-15
Reporting Person: Wilkins Michael T (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-02-15 | Common Stock | A | 2850 | $23.96 | Acquired | 12429 | Direct |
| 2013-02-15 | Common Stock | P | 4 | $23.96 | Acquired | 2258 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-15 | Stock Option (right to buy) | $23.96 | A | 9998 | Acquired | 2023-02-15 | Common (9998) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 224041 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $20.54 | 2021-02-18 | Common (9467) | 9467 | Direct |
| Stock Option (right to buy) | $22.42 | 2020-05-19 | Common (3000) | 3000 | Direct |
| Stock Option (right to buy) | $33.43 | 2018-05-21 | Common (8463) | 8463 | Direct |
| Stock Option (right to buy) | $35.23 | 2017-02-16 | Common (10000) | 10000 | Direct |
| Stock Option (right to buy) | $39.13 | 2016-02-17 | Common (5000) | 5000 | Direct |
| Stock Option (right to buy) | $32.39 | 2015-02-18 | Common (5000) | 5000 | Direct |
| Stock Option (right to buy) | $21.66 | 2014-02-20 | Common (1600) | 1600 | Direct |
Footnotes
F1: This transaction represents a grant of restricted stock to the Reporting Person under the Issuer's 2008 Stock Plan.
F2: The price per share is the closing price of the Issuer's common stock on the date of the reported transaction.
F3: The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 2,313 shares of resticted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; 3,894 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,850 shares of resticted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 3,372 shares held by the Reporting Person individually.
F4: The deemed execution date of this transaction is the statement date as provided by the Issuer's 401(k)Plan trustee/administrator.
F5: Shares acquired through payroll deduction and participation in Issuer's 401(k) Plan.
F6: This transaction qualifies as a non-discretionary transaction from a tax-qualified plan and is voluntarily reported on Form 4.
F7: The price per share is based on a statement provided by the Issuer's 401(k) Plan trustee/administrator.
F8: The number of securities shown as being held in or acquired by the Issuer's 401(k) account for the Reporting Persons' benefit are the approximate number of shares of common stock for which 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.
F9: The Reporting Person serves as co-trustee of this employee benefit plan and disclaims beneficial ownership of any Issuer securities held by this plan that are not allocated for his individual benefit, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. Only 1,752 shares held in this plan are allocated specifically for the Reporting Person's individual benefit.
F10: The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.
F11: 6,000 options that become exercisable in three equal installments of 2,000 options each on 02/15/2014, 02/15/2015 and 02/15/2016; and 3,998 options that become exercisable in two equal installments of 1,999 options each on 02/15/2017 and 02/15/2018.
F12: 3,787 options currently exercisable; 3,786 options become exercisable in two equal installments of 1,893 options each on 02/18/2014 and 02/18/2015; and 1,894 options become exercisable on 02/18/2016.
F13: 1,200 options currently exercisable and 1,800 options become exercisable in three equal installments of 600 options each on 05/19/2014, 05/19/2015 and 05/19/2016.
F14: 6,770 options currently exercisable and 1,693 options become exercisable on 05/21/2013.
F15: All options currently exercisable.