UNITED FIRE GROUP INC — Director's Dealing 2013

Feb 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-15	Common Stock	A	2614	$23.96	Acquired	9275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-15	Stock Options (right to buy)	$23.96	A	9171	Acquired	2023-02-15	Common (9171)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3678	Indirect
Common Stock	1328	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$20.54	2021-02-18	Common (8704)	8704	Direct
Stock Options (right to buy)	$22.42	2020-05-19	Common (3000)	3000	Direct
Stock Options (right to buy)	$33.43	2018-05-21	Common (7872)	7872	Direct
Stock Options (right to buy)	$35.23	2017-02-16	Common (10000)	10000	Direct
Stock Options (right to buy)	$39.13	2016-02-17	Common (5000)	5000	Direct
Stock Options (right to buy)	$32.39	2015-02-18	Common (5000)	5000	Direct
Stock Options (right to buy)	$21.66	2014-02-20	Common (3200)	3200	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: 2,151 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; 3,580 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,614 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 930 shares held of record by the Reporting Person.

F4: The number of securities shown as being held in or acquired by the Issuer's 401(k) Plan for the Reporting Person's benefit are the approximate number of shares of common stock 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.

F5: The exercise price of these stock options represents the closing price of the Issuer's common stock on the grant date.

F6: 7,336 options that become exercisable in four equal installments of 1,834 options each on 02/15/2014, 02/15/2015, 02/15/2016 and 02/15/2017; and 1835 options that become exercisable on 02/15/2018.

F7: 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.

F8: 1,200 options currently exercisable and 1,800 options become exercisable in three equal installments of 600 option shares each on 05/19/2013, 05/19/2014 and 05/19/2015.

F9: 6,298 options currently exercisable and 1,574 options become exercisable on 05/21/2013.

F10: All options currently exercisable.