UNITED FIRE GROUP INC — Director's Dealing 2015

Feb 13, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNITED FIRE GROUP INC (UFCS)
CIK: 0000101199
Period of Report: 2014-12-31

Reporting Person: Wilkins Michael T (Executive Vice President & COO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18963	Direct
Common Stock	2334	Indirect
Common Stock	214637	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$32.39	2015-02-18	Common Stock (5000.0)	5000	Direct
Stock Option (right to buy)	$39.13	2016-02-17	Common Stock (5000.0)	5000	Direct
Stock Option (right to buy)	$35.23	2017-02-16	Common Stock (10000.0)	10000	Direct
Stock Option (right to buy)	$33.43	2018-05-21	Common Stock (8463.0)	8463	Direct
Stock Option (right to buy)	$22.42	2020-05-19	Common Stock (3000.0)	3000	Direct
Stock Option (right to buy)	$20.54	2021-02-18	Common Stock (9467.0)	9467	Direct
Stock Option (right to buy)	$23.96	2023-02-15	Common Stock (9998.0)	9998	Direct
Stock Option (right to buy)	$29.61	2024-02-21	Common Stock (15971.0)	15971	Direct

Footnotes

F1: The total number of securities beneficially held directly by the Reporting Person includes: 3,894 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,850 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/15/2018; 4,934 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/21/2019; and 7,285 shares held by the Reporting Person individually.

F2: The number of securities shown as being held in or acquired by the Issuer's 401(k) account for the Reporting Person's benefit are the approximate number of shares of Issuer 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: 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. 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 1,871 shares held in this plan are allocated specifically for the Reporting Person's individual benefit.

F4: All options currently exercisable.

F5: 2,400 options currently exercisable. Remaining options vest and become exercisable on 05/19/2015.

F6: 5,681 options currently exercisable. Remaining options vest and become exercisable in equal installments on 02/18/2015 and 02/18/2016, respectively.

F7: 2,000 options currently exercisable. Remaining options vest and become exercisable in equal installments on 02/15/2015, 02/15/2016, 02/15/2017 and 02/15/2018, respectively.

F8: Options vest and become exercisable in equal installments on 02/21/2015, 02/21/2016, 02/21/2017, 02/21/2018 and 02/21/2019, respectively.