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: Wilkins Michael T (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-21	Common Stock	A	4934	$29.61	Acquired	18963	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-24	Stock Option (right to buy)	$29.61	A	15971	Acquired	2023-02-15	Common (15971)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2278	Indirect
Common Stock	220468	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: 3,894 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,850 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on
02/15/2018; 4,934 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/21/2019; and 7,285 shares held by the Reporting Person individually.

F4: 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.

F5: 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 under Section 16 of the Securities Exchange Act of
1934 or for any other purpose. Currently only 1,824 shares held in this plan are allocated specifically for the Reporting Person's individual benefit.

F6: The exercise price of these stock options represents the closing price of Issuer's common stock on the grant date.

F7: 15,971 options become exercisable in four (4) equal installments of 3,194 options each on 02/21/2015, 02/21/2016, 02/21/2017 and 02/21/2018; and 3,195 options on 02/21/2019.