UNITED FIRE GROUP INC 4
4 · UNITED FIRE GROUP INC · Filed Dec 2, 2013
Insider Transaction Report
Form 4
RIFE JOHN A
DirectorPres - United Life Ins. Co.
Transactions
- Award
Phantom Stock
2013-11-29$29.33/sh+255.733$7,501→ 780.442 total→ Common Stock (255.733 underlying) - Exercise/Conversion
Common Stock
2013-11-29$21.66/sh+4,705$101,910→ 31,368 total - Exercise/Conversion
Stock Option (right to buy)
2013-11-29−4,705→ 6,000 totalExercise: $21.66Exp: 2014-02-20→ Common Stock (4,705 underlying) - Sale
Common Stock
2013-11-29$30.00/sh−4,705$141,150→ 26,663 total
Holdings
- 8,114(indirect: See footnote #4)
Common Stock
Footnotes (8)
- [F1]This transaction represents the exercise and simultaneous sale of vested, non-qualified stock options by the Reporting Person under a preapproved 10b5-1 trading plan. The shares received by the Reporting Person upon exercise of these options were issued from the reserve account established with the Issuer's transfer agent for such purpose and were previously registered with the SEC.
- [F2]The number of shares (excluding fractionals) beneficially held directly by the Reporting Person after the reported transaction includes: 25,661 shares held jointly by Mr. Rife and his wife, 5,287 shares held directly by Mr. Rife; and 420 shares of restricted stock issued to Mr. Rife under the Issuer's 2005 Non-Qualified Non-Employee Stock Option and Restricted Stock Plan which vest, subject to certain conditions, on May 15, 2014.
- [F3]The number of shares (excluding fractionals) beneficially held directly by the Reporting Person after the reported transaction includes: 25,661 shares held jointly by Mr. Rife and his wife, 582 shares held directly by Mr. Rife; and 420 shares of restricted stock issued to Mr. Rife under the Issuer's 2005 Non-Qualified Non-Employee Stock Option and Restricted Stock Plan which vest, subject to certain conditions, on May 15, 2014.
- [F4]The number of shares (excluding frationals) beneficially held indirectly by the Reporting Person after the reported transaction includes: 6,373 shares held in an individual retirement account for Mr. Rife's benefit; 1,325 shares held individually by Mr. Rife's spouse; and 416 shares held in a SEP individual retirment account for Mr. Rife's benefit.
- [F5]All options currently exercisable.
- [F6]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash, in one lump sum or prorated over five year, at the election of the Reporting Person, upon the Reporting Person's termination of service as a director.
- [F7]Phantom stock shares acquired through participation in the Issuer's 2012 Deferred Compensation Plan for United Fire Group, Inc. Non-Employee Directors.
- [F8]The price per share is the average closing price of the Issuer's common stock during the month of the reported transaction.