SEC Form 4 · accession 0000356130-18-000046
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
Larry Wayne Phillips
Officer — Sr. VP-Business Development
Period of report
Mar 1, 2018
Accepted (ET)
Mar 6, 2018 · 11:29 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2018 | F | 693 | $26.30 | D | 4,504 | D | |
| Common Stock | Mar 1, 2018 | C | 364 | $26.30 | A | 4,868 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Mar 1, 2018 | C | 563 | D | — | — | Common Stock | 563 | 1,689 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Mar 1, 2018 | A | 2,252 | A | — | — | Common Stock | 2,252 | 2,252 | D |
Explanation of responses
- F1FMV on conversion date was $26.30
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3On March 1, 2017, the reporting person was granted 2,252 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.
- F4On March 1, 2018, the reporting person was granted 2250 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date