UNITED FIRE GROUP INC 4
4 · UNITED FIRE GROUP INC · Filed Jan 21, 2014
Insider Transaction Report
Form 4
RIFE JOHN A
DirectorPres - United Life Ins. Co.
Transactions
- Sale
Common Stock
2014-01-21$27.07/sh−6,000$162,420→ 26,663 total - Exercise/Conversion
Stock Option (right to buy)
2013-11-29−6,000→ 0 totalExercise: $21.66Exp: 2014-02-20→ Common Stock (6,000 underlying) - Exercise/Conversion
Common Stock
2014-01-21$21.66/sh+6,000$129,960→ 32,663 total
Holdings
- 8,167(indirect: See footnote #4)
Common Stock
Footnotes (5)
- [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, 6,582 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.
- [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: 6,415 shares held in an individual retirement account for Mr. Rife's benefit; 1,333 shares held individually by Mr. Rife's spouse; and 419 shares held in a SEP individual retirment account for Mr. Rife's benefit.
- [F5]All options currently exercisable.