SEC Form 4 · accession 0000356130-15-000019
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 19, 2015
Accepted (ET)
Feb 23, 2015 · 2:21 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 19, 2015 | M | 3,769 | $24.405 | A | 56,908 | D | |
| EMCI-Common Stock | Feb 19, 2015 | M | 8 | $20.675 | A | 56,916 | D | |
| EMCI-Common StockF1 | Feb 19, 2015 | F | 3,373 | $0.00 | D | 53,543 | D | |
| EMCI-Common Stock | Feb 20, 2015 | M | 2,231 | $24.405 | A | 55,774 | D | |
| EMCI-Common Stock | Feb 20, 2015 | M | 7,965 | $20.98 | A | 63,739 | D | |
| EMCI-Common Stock | Feb 20, 2015 | F | 8,570 | $30.0526 | D | 55,169 | 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 BuyF2 | $20.675 | Feb 19, 2015 | M | 8 | D | Mar 1, 2011 | Apr 2, 2015 | Common Stock | 8 | 0 | D |
| NQO-Right To BuyF2 | $24.405 | Feb 19, 2015 | M | 3,769 | D | Mar 1, 2012 | Apr 2, 2015 | Common Stock | 3,769 | 2,231 | D |
| NQO Right To BuyF2 | $24.405 | Feb 20, 2015 | M | 2,231 | D | Mar 1, 2012 | Apr 2, 2015 | Common Stock | 2,231 | 0 | D |
| NQO Right To BuyF2 | $20.98 | Feb 20, 2015 | M | 7,965 | D | Mar 1, 2013 | Apr 2, 2015 | Common Stock | 7,965 | 1,035 | D |
Explanation of responses
- F1Price range of $30.70 to $32.105
- F2Options vest 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.