UNITED FIRE GROUP INC — Director's Dealing 2014

Mar 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2014-03-14

Reporting Person: RIFE JOHN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-14	Common Stock	P	50	$29.48	Acquired	8217	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-14	Phantom Stock	$	J	6.461	Acquired		Common Stock (6.461)	Direct

Footnotes

F1: Shares acquired through participation in the Issuer's Dividend Reinvestment Plan.

F2: This transaction is exempt under Rule 16a-11 of the Securities Exchange Act of 1934 and is voluntarily reported.

F3: Represents the approximate number of shares (excluding fractionals) acquired through the Issuer's Dividend Reinvestment Plan for the Reporting Person's benefit.

F4: The price per share is the closing price of the Issuer's common stock on the date of the reported transaction.

F5: The number of shares (excluding frationals) beneficially held indirectly by the Reporting Person after the reported transaction includes: 6,454 shares held in an individual retirement account for Mr. Rife's benefit; 1,341 shares held individually by Mr. Rife's spouse; and 422 shares held in a SEP individual retirment account for Mr. Rife's benefit.

F6: Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. The shares of phantom stock become payable, in cash, in one lump sum or prorated over five years, at the election of the Reporting Person, upon the Reporting Person's termination of service as a director.

F7: Phantom stock acquired through dividend reinvestment through the Issuer's 2012 Deferred Compensation Plan for United Fire Group, Inc. Non-Employee Directors.