NARIGON DAVID O 4

4 · EMC INSURANCE GROUP INC · Filed Jan 27, 2004

Insider Transaction Report

Form 4

Period: 2004-01-23

EMC INSURANCE GROUP INCEMCI

NARIGON DAVID O

Sr. Vice President

Transactions

Exercise/Conversion
Incentive Stock Option (Right to Buy)
2004-01-23$23.08/sh−1,000$23,080→ 0 total
Exercise: $13.69From: 1999-02-01Exp: 2008-02-01→ Common Stock (1,000 underlying)
Tax Payment
EMC Insurance Group Inc. Common Stock
2004-01-23$23.08/sh−3,739$86,296→ 8,150.705 total
Exercise/Conversion
EMC Insurance Group Inc. Common Stock
2004-01-23$13.69/sh+1,000$13,688→ 11,950.705 total
Exercise/Conversion
EMC Insurance Group Inc. Common Stock
2004-01-23$12.25/sh+550$6,738→ 10,950.705 total
Exercise/Conversion
Incentive Stock Option (Right to Buy)
2004-01-23$23.08/sh−550$12,694→ 0 total
Exercise: $12.25From: 1998-02-01Exp: 2007-02-01→ Common Stock (550 underlying)
Exercise/Conversion
Incentive Stock Option (Right to Buy)
2004-01-23$23.08/sh−800$18,464→ 0 total
Exercise: $12.69From: 2000-02-01Exp: 2009-02-01→ Common Stock (800 underlying)
Exercise/Conversion
EMC Insurance Group Inc. Common Stock
2004-01-23$9.25/sh+2,800$25,900→ 15,550.705 total
Exercise/Conversion
Incentive Stock Option (Right to Buy)
2004-01-23$23.08/sh−2,800$64,624→ 7,782 total
Exercise: $9.25From: 2001-08-01Exp: 2010-08-01→ Common Stock (2,800 underlying)
Exercise/Conversion
EMC Insurance Group Inc. Common Stock
2004-01-23$13.25/sh+2,250$29,813→ 10,400.705 total
Exercise/Conversion
Incentive Stock Option (Right to Buy)
2004-01-23$23.08/sh−2,250$51,930→ 0 total
Exercise: $13.25From: 1997-02-01Exp: 2006-02-01→ Common Stock (2,250 underlying)
Exercise/Conversion
EMC Insurance Group Inc. Common Stock
2004-01-23$12.69/sh+800$10,150→ 12,750.705 total

Holdings

Incentive Stock Option (Right to Buy)
Exercise: $16.88From: 2004-02-07Exp: 2013-02-07→ Common Stock (1,000 underlying)
1,000

Footnotes (1)

[F1]These options vest in five equal annual installments beginning February 7, 2004.

Documents

1 file

4
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