SEC Form 4 · accession 0000356130-16-000378
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Ronald Jean
Officer — Exec. Vice President
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 11:32 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 15, 2016 | M | 1,635 | $16.27 | A | 18,185 | D | |
| EMCI-Common Stock | Dec 15, 2016 | F | 1,274 | $30.50 | D | 16,911 | D | |
| EMCI-Common Stock | Dec 16, 2016 | M | 1,065 | $16.27 | A | 17,976 | D | |
| EMCI-Common Stock | Dec 16, 2016 | M | 2,700 | $13.9887 | A | 20,676 | D | |
| EMCI-Common StockF1 | Dec 16, 2016 | F | 2,844 | $29.56 | D | 17,832 | 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 | $16.27 | Dec 15, 2016 | M | 1,635 | D | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 1,635 | 1,065 | D |
| NQO Right To BuyF2 | $16.27 | Dec 16, 2016 | M | 1,065 | D | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 1,065 | 0 | D |
| NQO Right To BuyF2 | $13.9867 | Dec 16, 2016 | M | 2,700 | D | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 2,700 | 1,350 | D |
Explanation of responses
- F1Price range was $29.81 - $29.5132 for an average of $29.56
- F2Options vest in five equal annual installments (20%)beginning one year after date of grant.