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: RAMLO RANDY A. (Director, President/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-21	Common Stock	A	9151	$29.61	Acquired	32447	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-21	Stock Option (right to buy)	$29.61	A	29624	Acquired	2024-02-21	Common (29624)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1741	Indirect
Common Stock	350	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: 7,322 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 5,304 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/15/2018; 9,151 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/21/2019; 9,239 shares held of record by the Reporting Person; 531 shares held in a brokerage account by the Reporting Person; and 900 shares held jointly by the Reporting Person and his wife.

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

F5: 29,624 options that become exercisable in four (4) equal installments of 5,925 options each on 02/21/2015, 02/21/2016, 02/21/2017 and 02/21/2018; and 5,924 options on 02/21/2019.