Mahon Casey D. 4

4 · UNITED FIRE & CASUALTY CO · Filed Feb 22, 2011

Form 4

Period: 2011-02-18

Director

Transactions

Award
Stock Option (right to buy)
2011-02-18+3,000→ 3,000 total
Exercise: $20.40Exp: 2021-02-18→ Common Stock (3,000 underlying)

Holdings

Stock Option (right to buy)
Exercise: $22.46Exp: 2020-05-19→ Common Stock (3,000 underlying)
3,000
Stock Option (right to buy)
Exercise: $33.78Exp: 2018-05-21→ Common Stock (3,000 underlying)
3,000
Stock Option (right to buy)
Exercise: $29.28Exp: 2017-11-16→ Common Stock (2,000 underlying)
2,000
Stock Option (right to buy)
Exercise: $39.13Exp: 2016-02-17→ Common Stock (2,000 underlying)
2,000
Stock Option (right to buy)
Exercise: $31.05Exp: 2016-05-17→ Common Stock (1,333 underlying)
1,333
Stock Option (right to buy)
Exercise: $27.32Exp: 2014-05-19→ Common Stock (2,000 underlying)
2,000

Footnotes (8)

[F1]Under the terms of the 2005 United Fire & Casualty Company Nonqualified Nonemployee Stock Option and Restricted Stock Plan, the option exercise price for these stock options is calculated as the average of the high and low trading price of the issuer's common stock on the grant date.
[F2]3,000 options become exercisable in five equal installments of 600 option shares each on 02/18/2012, 02/18/2013, 02/18/2014, 02/18/2015 and 02/18/2016.
[F3]3,000 options become exercisable in five equal installments of 600 option shares each on 05/19/2011, 05/19/2012, 05/19/2013, 05/19/2014 and 05/19/2015.
[F4]1,200 options currently exercisable and 1,800 options become exercisable in three equal installments of 600 options each on 05/21/2011, 05/21/2012 and 05/21/2013.
[F5]1,200 options currently exercisable and 800 options become exercisable in two equal installments of 400 options each on 11/16/2011 and 11/16/2012.
[F6]1,066 options currently exercisable and 267 options vesting on 05/17/2011.
[F7]All options currently exercisable.
[F8]The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.

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