HUTCHINS KENT J 4
4 · UNITED FIRE & CASUALTY CO · Filed May 19, 2009
Insider Transaction Report
Form 4
HUTCHINS KENT J
VP/COO - United Life Ins. Co.
Transactions
- Other
Common Stock
2009-04-23$19.90/sh+22$438→ 226 total(indirect: By Employee Stock Ownership Plan for self)
Footnotes (4)
- [F1]This transaction represents an allocation of shares held in trust by the Company's Employee Stock Ownership Plan on behalf of the reporting person. Shares held in trust by the plan are not distributed to the reporting person until retirement.
- [F2]The price per share is the closing price of the Company's common stock on the date of the reported transaction.
- [F3]The amount of securities beneficially held includes: approximately 105 shares held in a Company 401(k) account for Mr. Hutchins' benefit, based on a statement of the plan trustee; and 121 shares held in the Company's Employee Stock Ownership Plan for Mr. Hutchins' benefit.
- [F4]The number of securities shown as being held in or acquired by the Company 401(k) account for Mr. Hutchins' benefit are the approximate number of shares of common stock for which Mr. Hutchins has the right to direct the vote under the 401(k) plan. Such shares are not directly allocated to plan participants, but are instead held in a unitized fund consisting primarily of common stock, together with a small percentage of short-term investments. Participants acquire units of this fund.