SEC Form 4 · accession 0000356130-15-000020
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 23, 2015
Accepted (ET)
Feb 24, 2015 · 10:49 am 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 23, 2015 | M | 1,035 | $20.98 | A | 56,204 | D | |
| EMCI-Common Stock | Feb 23, 2015 | F | 873 | $30.0713 | D | 55,331 | 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 BuyF1 | $20.98 | Feb 23, 2015 | M | 1,035 | D | Mar 1, 2013 | Apr 2, 2015 | Common Stock | 1,035 | 0 | D |
Explanation of responses
- F1Options 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.