SEC Form 4 · accession 0000356130-17-000014
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth A Nigut
Officer — Senior Vice President
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 12:05 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 | Feb 16, 2017 | S | 187 | $28.60 | D | 6,335 | D | |
| EMCI-Common Stock | Feb 16, 2017 | M | 2,500 | $16.27 | A | 8,835 | D | |
| EMCI-Common Stock | Feb 16, 2017 | S | 2,500 | $28.65 | D | 6,335 | 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,F2 | $16.27 | Feb 16, 2017 | M | 2,500 | D | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 2,500 | 6,500 | D |
Explanation of responses
- F1Option grants and exercise prices 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.