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: SCHARMER NEAL R (VP/General Counsel/Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-15	Common Stock	A	1447	$23.96	Acquired	6548	Direct
2013-02-15	Common Stock	P	7	$23.96	Acquired	632	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	5077	Acquired	2023-02-15	Common (5077)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	786	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$20.54	2021-02-18	Common (4799)	4799	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 (4639)	4639	Direct
Stock Option (right to buy)	$35.23	2017-02-16	Common (5000)	5000	Direct
Stock Option (right to buy)	$39.13	2016-02-17	Common (2500)	2500	Direct
Stock Option (right to buy)	$32.39	2015-02-18	Common (2500)	2500	Direct
Stock Option (right to buy)	$21.66	2014-02-20	Common (2000)	2000	Direct

Footnotes

F1: This transaction represents a grant of restricted stock to the Reporting Person under the Issuer's 2008 Stock Plan.

F2: The total number of securities beneficially held directly by the reporting person following the reported transaction includes: 1,268 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; 1,974 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 1,447 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 1,859 shares held directly by the Reporting Person.

F3: The deemed execution date of this transaction is the statement date as provided by the Issuer's 401(k)Plan trustee/administrator.

F4: Shares acquired through payroll deduction and participation in Issuer's 401(k) Plan.

F5: This transaction qualifies as a non-discretionary transaction from a tax-qualified plan and is voluntarily reported on Form 4.

F6: Represents the approximate number of shares acquired by the trustee/administrator of the Issuer's 401(k)Plan for the Reporting Person's benefit, based on a statement of the 401(k)Plan trustee/administrator.

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 or disposed of by the Issuer's 401(k) account 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.

F9: The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.

F10: 3,045 options that become exercisable in three equal installments of 1015 options each on 02/15/2014, 02/15/2015 and 02/15,2016; and 2,032 options that become exercisable in two equal installments of 1016 options each on 02/15/2017 and 02/15/2018.

F11: 2,020 options currently exercisable; 2,020 options become exercisable in two equal installments of 960 options each on 02/18/2014 and 02/18/2015; and 959 options become exercisable on 02/18/2016.

F12: 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.

F13: 3,711 options currently exercisable and 928 options become exerciseable on 05/21/2013.

F14: All options currently exercisable.