UNITED FIRE GROUP INC — Director's Dealing 2014

Feb 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2014-02-21

Reporting Person: Sheeley Michael J. (VP/COO - United Life Ins. Co.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-21	Common Stock	A	1710	$29.61	Acquired	3989	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-21	Stock Option (right to buy)	$29.61	A	5537	Acquired	2024-02-21	Common (5537)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1419	Indirect

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: 1,246 shares held directly by Mr. Sheeley; 1,033 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 1,710 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/21/2019.

F4: The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.

F5: 5,537 options that become exercisable in three (3) equal installments of 1,107 options each on 02/21/2015, 02/21/2016 and 02/21/2017; and 1,108 options each on 2/21/2018 and 02/21/2019.