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UNITED FIRE GROUP INC Director's Dealing 2014

Feb 13, 2014

32438_dirs_2014-02-13_0c361c98-d73d-4604-924f-a1f7d16b9b59.zip

Director's Dealing

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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: HULTQUIST DOUGLAS M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-11-11 Common Stock P 200 $29.95 Acquired 5002 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $29.28 2017-11-16 Common Stock (2000) 2000 Direct
Stock Option (Right to Buy) $33.78 2018-05-21 Common Stock (3000) 3000 Direct
Stock Option (Right to Buy) $22.46 2020-05-19 Common Stock (2727) 2727 Direct
Stock Option (Right to Buy) $20.40 2021-02-18 Common Stock (2727) 2727 Direct
Stock Option (Right to Buy) $21.095 2022-05-16 Common Stock (2145) 2145 Direct
Stock Option (Right to Buy) $28.925 2023-05-15 Common Stock (1755) 1755 Direct
Phantom Stock $ Common Stock (523.693) 523.693 Direct

Footnotes

F1: The number of shares beneficially held directly by the Reporting Person includes: 4,582 held by Mr. Hultquist individually and 420 shares of restricted stock issued to Mr. Hultquist under the Issuer's 2005 Non-Qualified Non-Employee Director Stock Option and Restricted Stock Plan which vest, subject to certain conditions, on May 15, 2014.

F2: All options currently exercisable.

F3: 1,635 options currently exercisable; 1,092 options become exercisable in two (2) equal installments of 546 options each on 05/19/2014 and 05/19/205, respectively.

F4: 1,092 options currently exercisable; 1,635 options become exercisable in three (3) equal installments of 545 options each on 02/18/2014, 02/18/2015 and 02/18/2016, respectively

F5: 429 options currently exercisable; 1,716 options become exercisable in four (4) equal installments of 429 options each on 05/16/2014, 05/16/2015, 05/16/2016 and 05/16/2017, respectively.

F6: 1,755 options become exercisable in five (5) equal installments of 351 options each on 05/15/2014, 05/15/2015, 05/15/2016, 05/15/2017 and 05/15/2018, respectively.

F7: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash, in one lump sum or prorated over five years, at the election of the Reporting Person, upon the Reporting Person's termination of service as a director.