SEC Form 4 · accession 0000356130-16-000360
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Allan Paine
Officer — Senior Vice President
Period of report
Nov 8, 2016
Accepted (ET)
Nov 10, 2016 · 9:06 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 | Nov 8, 2016 | M | 2,250 | $15.6447 | A | 17,326 | D | |
| EMCI-Common Stock | Nov 8, 2016 | M | 3,000 | $12.5767 | A | 20,326 | D | |
| EMCI-Common Stock | holding | — | — | — | 572 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISO-RIGHT TO BUYF1,F2 | $15.6446 | Nov 8, 2016 | M | 2,250 | D | Mar 5, 2009 | Mar 5, 2018 | Common Stock | 2,250 | 0 | D |
| NQO-RIGHT TO BUYF1,F2 | $12.5766 | Nov 8, 2016 | M | 3,000 | D | Mar 3, 2010 | Mar 3, 2019 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Option grant and exercise price adjusted to reflect 3 for 2 stock split effective June 23, 2015.
- F2Options vest in five equal annual installments (20%)beginning one year after date of grant.