SEC Form 4 · accession 0000356130-19-000019
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce G Kelley
Officer — President & CEO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 12:03 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 | Mar 1, 2019 | C | 3,000 | $31.825 | A | 273,551 | D | |
| EMCI-Common Stock | holding | — | — | — | 2,250 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F2 | — | Mar 1, 2019 | C | 1,500 | D | Mar 1, 2018 | — | Common Stock | 1,500 | 3,000 | D |
| Restricted Stock UnitsF3,F1,F4 | $0.00 | Mar 1, 2019 | C | 1,500 | D | Mar 1, 2019 | — | Common Stock | 1,500 | 4,500 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Mar 1, 2019 | A | 6,000 | A | Mar 1, 2020 | — | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On March 1, 2017, the reporting person was granted 6,000 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.
- F3FMV on conversion date was $31.8250
- F4On March 1, 2018, the reporting person was granted 6,000 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.
- F5On March 1, 2019, the reporting person was granted 6,000 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.