UNITED FIRE GROUP INC — Director's Dealing 2014

Feb 13, 2014

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2013-12-31

Reporting Person: SCHARMER NEAL R (VP/General Counsel/Corp Sec)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6620	Direct
Common Stock	829	Indirect
Common Stock	768	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$32.39	2015-02-18	Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$39.13	2016-02-17	Common Stock (2500)	2500	Direct
Stock Option (Right to Buy)	$35.23	2017-02-16	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$33.43	2018-05-21	Common Stock (4639)	4639	Direct
Stock Option (Right to Buy)	$22.42	2020-05-19	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$20.54	2021-02-18	Common Stock (5049)	5049	Direct
Stock Option (Right to Buy)	$23.96	2023-02-15	Common Stock (5074)	5074	Direct

Footnotes

F1: The total number of securities beneficially held directly by the Reporting Person includes: 3,200 shares held by Mr. Scharmer; 1,974 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; and 1,446 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions,
on 02/15/2018.

F2: The number of securities shown as being held in, acquired by or disposed of by the Issuer's 401(k) account for the Reporting Person's benefit are the approximate number of shares of common stock (excluding fractionals) for which the 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 Issuer common stock, together with a small percentage of short-term investments. 401(k) Plan participants acquire units of this fund.

F3: All options currently exercisable.

F4: 1,800 options currently exercisable; 1,200 options become exercisable in two (2) equal installments of 600 options each on 05/19/2014 and 05/19/2015, respectively.

F5: 2,019 options currently exercisable; 3,030 options become exercisable in three (3) equal installments of 1,010 options each on 02/18/2014, 02/18/2015 and 02/18/2016, respectively.

F6: 1,014 options become exercisable on 02/15/2014; 4,060 options become exercisable in 4 equal installments of 1,015 options each on 02/15/2015, 02/15/2016, 02/15/2017 and 02/15/2018,respectively.