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UNITED FIRE GROUP INC — Director's Dealing 2013
Feb 7, 2013
32438_dirs_2013-02-06_9a4e15a3-c4e5-4139-9951-5f0fcc0372a3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-01-15
Reporting Person: Wilkins Michael T (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-15 | Common Stock | P | 4 | $23.00 | Acquired | 2220 | Indirect |
| 2013-01-31 | Common Stock | P | 4 | $23.19 | Acquired | 2266 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 224041 | Indirect |
| Common Stock | 9579 | Direct |
Footnotes
F1: The deemed execution date of this transaction is the statement date as provided by the Issuer's 401(k)Plan trustee/administrator.
F2: Shares acquired through payroll deduction and participation in Issuer's 401(k) Plan.
F3: This transaction qualifies as a non-discretionary transaction from a tax-qualified plan and is voluntarily reported on Form 4.
F4: 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.
F5: The price per share is based on a statement provided by the Issuer's 401(k) Plan trustee/administrator.
F6: 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.
F7: The Reporting Person serves as co-trustee of the Issuer's defined benefit plan and previously reported the number of shares held by this plan on his Form 4 filing. On December 17, 2012, the Issuer repurchased 202,058 shares of Issuer common stock previously held by this plan. None of the shares held by this plan are allocated to the Reporting Person's individual benefit and he did not derive a direct or indirect pecuniary benefit from these shares. These shares are no longer reported on Reporting Person's subsequent filings. 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.
F8: 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.
F9: The total number of securities beneficially held directly by the Reporting Person following the reported transaction includes: 3,894 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,313 shares of resticted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; and 3,372 shares held by the Reporting Person individually.