SEC Form 4 · accession 0000356130-16-000375
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason R Bogart
Officer — Senior Vice President
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 10:38 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 | Dec 13, 2016 | M | 3,400 | $13.9867 | A | 23,911 | D | |
| EMCI Common StockF1 | Dec 13, 2016 | F | 2,527 | $30.1953 | D | 21,384 | D | |
| EMCI Common Stock | Dec 14, 2016 | M | 5,000 | $16.27 | A | 26,384 | D | |
| EMCI Common StockF2 | Dec 14, 2016 | F | 3,932 | $29.8155 | D | 22,452 | 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 | $13.9866 | Dec 13, 2016 | M | 3,400 | D | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 3,400 | 1,350 | D |
| NQO-RIGHT TO BUYF3 | $16.27 | Dec 14, 2016 | M | 5,000 | D | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 5,000 | 17,500 | D |
Explanation of responses
- F1Price range was $30.10 - $30.535 for an average price of $30.1953
- F2Price range was $29.62 - $29.93 for an average price of $29.8155
- F3Options vest in five equal annual installments (20%)beginning one year after date of grant.