SEC Form 4 · accession 0000356130-19-000024
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley J Fredericks
Officer — Vice President & CIO
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 9:48 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 | Mar 1, 2019 | C | 938 | $31.825 | A | 5,653 | D | |
| EMCI Common Stock | Mar 1, 2019 | F | 576 | $31.825 | D | 5,077 | 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 UnitsF2,F1,F3 | — | Mar 1, 2019 | C | 375 | D | Mar 1, 2018 | — | Common Stock | 375 | 750 | D |
| Restricted Stock UnitsF2,F1,F4 | $0.00 | Mar 1, 2019 | C | 563 | D | Mar 1, 2019 | — | Common Stock | 563 | 1,689 | D |
| Restricted Stock UnitsF1,F5 | — | Mar 1, 2019 | A | 2,252 | A | Mar 1, 2020 | — | Common Stock | 2,252 | 2,252 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2FMV on conversion date was $31.8250
- F3On March 1, 2017, the reporting person was granted 1500 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 2252 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 2,252 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.