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: Lyons Dianne M (VP/Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8658	Direct
Common Stock	1388	Indirect
Common Stock	3687	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$32.39	2015-02-18	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$39.13	2016-02-17	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$35.23	2017-02-16	Common Stock (10000)	10000	Direct
Stock Option (Right to Buy)	$33.43	2018-05-21	Common Stock (7872)	7872	Direct
Stock Option (Right to Buy)	$22.42	2020-05-19	Common Stock (1200)	1200	Direct
Stock Option (Right to Buy)	$20.54	2021-02-18	Common Stock (5222)	5222	Direct
Stock Option (Right to Buy)	$23.96	2023-02-15	Common Stock (9165)	9165	Direct

Footnotes

F1: The total number of shares (excluding fractionals) beneficially held directly by the Reporting Person includes: 2,466 shares held individually by Ms. Lyons; 3,580 shares of restricted stock issued under the Issuer's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,612 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 or disposed of by the Issuer's 401(k) Plan 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 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: 1,200 options become exercisable in two (2) equal installments of 600 options each on 05/19/2014 and 05/19/2015, respectively.

F5: 1,740, options become exercisable on 2/18/2014; 3,482 options become exercisable in two (2) equal installments of 1,741 options each on 02/18/2015 and 02/18/2016, respectively.

F6: 9,165 options become exercisable in five (5) equal installments of 1,833 options each on 02/15/2014, 02/15/2015, 02/15/2016, 02/16/2017 and 02/16/2018, respectively.