Lovell Michael Alan 4

4 · EMC INSURANCE GROUP INC · Filed Mar 5, 2019

Form 4

Period: 2019-03-01

Vice President

Transactions

Conversion
Restricted Stock Units
2019-03-01$31.82/sh−1,125$35,803→ 2,250 total
→ Common Stock (1,125 underlying)
Conversion
EMCI Common Stock
2019-03-01$31.82/sh+2,250$71,606→ 10,779.5 total
Tax Payment
EMCI Common Stock
2019-03-01$31.82/sh−1,890$60,149→ 8,889.5 total
Conversion
Restricted Stock Units
2019-03-01$31.82/sh−1,125$35,803→ 3,375 total
Exercise: $0.00→ Common Stock (1,125 underlying)
Award
Restricted Stock Units
2019-03-01+4,500→ 4,500 total
Exercise: $0.00From: 2020-03-01→ Common Stock (4,500 underlying)

Footnotes (5)

[F1]Restricted stock units convert into common stock on a one-for-one basis.
[F2]FMV on conversion date was $31.8250
[F3]On March 1, 2017, the reporting person was granted 4,500 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date
[F4]On March 1, 2018, the reporting person was granted 4500 restricted stock unites, vesting at 25% per year beginning on the first anniversary of the grant date.
[F5]On March 1, 2019, the reporting person was granted 4,500 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.

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