SEC Form 4 · accession 0000356130-16-000376
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Kevin J Hovick
Officer — Exec. Vice President & COO
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 1:32 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 | Dec 14, 2016 | M | 4,500 | $13.7833 | A | 33,878 | D | |
| EMCI Common Stock | Dec 14, 2016 | M | 9,000 | $12.5767 | A | 42,878 | D | |
| EMCI Common Stock | Dec 14, 2016 | M | 2,298 | $16.27 | A | 45,176 | D | |
| EMCI Common StockF1 | Dec 14, 2016 | F | 10,091 | $30.0157 | D | 35,085 | 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 | $12.5767 | Dec 14, 2016 | M | 9,000 | D | Mar 3, 2010 | Mar 3, 2019 | Common Stock | 9,000 | 0 | D |
| NQO Right To BuyF2 | $13.7833 | Dec 14, 2016 | M | 4,500 | D | Mar 1, 2011 | Mar 1, 2020 | Common Stock | 4,500 | 0 | D |
| NQO Right To BuyF2 | $16.27 | Dec 14, 2016 | M | 2,298 | D | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 2,298 | 20,202 | D |
Explanation of responses
- F1Price range was $30.51 -$29.50 for an average price of $30.0157
- F2Options vest in five equal annual installments (20%)beginning one year after date of grant.