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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9191	Direct
Common Stock	946	Indirect
Common Stock	850	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$32.39	2015-02-18	Common Stock (2500.0)	2500	Direct
Stock Option (right to buy)	$39.13	2016-02-17	Common Stock (2500.0)	2500	Direct
Stock Option (right to buy)	$35.23	2017-02-16	Common Stock (5000.0)	5000	Direct
Stock Option (right to buy)	$33.43	2018-05-21	Common Stock (4639.0)	4639	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 (5049.0)	5049	Direct
Stock Option (right to buy)	$23.96	2023-02-15	Common Stock (5074.0)	5074	Direct
Stock Option (right to buy)	$29.61	2024-02-21	Common Stock (8041.0)	8041	Direct

Footnotes

F1: The total number of securities beneficially held directly by the Reporting Person (excluding fractionals) following the reported transaction includes: 3,287 shares held by Mr. Scharmer; 1,974 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/18/2016; 1,446 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 2,484 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/21/2019.

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: All options currently exercisable.

F4: 2,400 options currently exercisable. Remaining options become vested and exercisable on 05/19/2015.

F5: 3,029 options currently exercisable. Remaining options become vested and exercisable in equal installments on 02/18/2015 and 02/18/2016, respectively.

F6: 1,015 currently exercisable. Remaining options become vested and exercisable in equal installments on 02/15/2015, 02/15/2016, 02/15/2017 and 02/15/2018, respectively.

F7: Options become vested and exercisable in equal installments on 02/21/2015, 02/21/2016, 02/21/2017, 02/21/2018 and 02/21/2019, respectively.