SEC Form 4 · accession 0000356130-19-000028
EMC INSURANCE GROUP INC · EMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Alan Lovell
Officer — Executive Vice President
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 11:53 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 | 2,250 | $31.825 | A | 10,780 | D | |
| EMCI Common Stock | Mar 1, 2019 | F | 1,890 | $31.825 | D | 8,890 | 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, 2019 | C | 1,125 | D | — | — | Common Stock | 1,125 | 2,250 | D |
| Restricted Stock UnitsF1,F2,F4 | $0.00 | Mar 1, 2019 | C | 1,125 | D | — | — | Common Stock | 1,125 | 3,375 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Mar 1, 2019 | A | 4,500 | A | Mar 1, 2020 | — | Common Stock | 4,500 | 4,500 | 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 4,500 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 4500 restricted stock unites, vesting at 25% per year beginning on the first anniversary of the grant date.
- F5On March 1, 2019, the reporting person was granted 4,500 restricted stock units, vesting at 25% per year beginning on the first anniversary of the grant date.