SEC Form 4 · accession 0000356130-15-000017
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald W Jean
Officer — Retired Exec. Vice President · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 12:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000356130
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| EMCI-Common Stock | Feb 17, 2015 | M | 2,552 | $20.675 | A | 55,100 | D | |
| EMCI-Common StockF1 | Feb 17, 2015 | F | 2,047 | $0.00 | D | 53,053 | D | |
| EMCI-Common Stock | Feb 18, 2015 | M | 440 | $20.675 | A | 53,493 | D | |
| EMCI-Common StockF2 | Feb 18, 2015 | F | 354 | $0.00 | D | 53,139 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQO Right to BuyF3 | $20.675 | Feb 17, 2015 | M | 2,552 | D | Mar 1, 2011 | Apr 2, 2015 | Common Stock | 2,552 | 448 | D |
| NQO Right to BuyF3 | $20.675 | Feb 18, 2015 | M | 440 | D | Mar 1, 2011 | Apr 2, 2015 | Common Stock | 440 | 8 | D |
Explanation of responses
- F1Price range: $32.50-$32.775
- F2Price range: $32.02-$32.470
- F3Options vest at 20% in five equal annual installments beginning one year after date of grant. Upon Mr. Jean's retirement, all unvested options became fully vested and exercisable for a period of 90 days after his retirement on January 2, 2015.