SEC Form 4 · accession 0001251060-15-000004

DONEGAL GROUP INC · DGICA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Donald H Nikolaus

Officer — See Remarks · Director · Other

Period of report

Jun 4, 2015

Accepted (ET)

Jun 5, 2015 · 9:49 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000800457

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock	Jun 4, 2015	M	50,000	$14.00	A	159,390	D
Class A Common Stock	Jun 4, 2015	S	50,000	$14.80	D	109,390	D
Class A Common Stock	holding	—	—		—	176,346	I	401(k) Plan
Class A Common Stock	holding	—	—		—	16,366	I	Spouse
Class A Common Stock	holding	—	—		—	166,369	I	Family Foundation
Class A Common Stock	holding	—	—		—	12,668	I	Trust
Class B Common Stock	holding	—	—		—	130,210	D
Class B Common Stock	holding	—	—		—	51,706	I	401(k) Plan
Class B Common Stock	holding	—	—		—	589	I	Spouse
Class B Common Stock	holding	—	—		—	3,938	I	Family Foundation

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)	$14.00	Jun 4, 2015	M	50,000	D	Mar 1, 2011	Jul 15, 2015	Class A Common Stock	50,000	0	D

Explanation of responses

F1Exercise of employee stock options under Rule 16b-3. As reported in Table II of this Form 4 Report, the exercise of options resulted in the acquisition of 50,000 shares of Class A Common Stock under Rule 16b-3, as reported in Table I of this Form 4 Report, which were concurrently sold, as reported in Table I of this Form 4 Report.

Remarks

Chairman of the Board and President. Reporting Person is President of Donegal Group Inc. ("DGI"), on medical leave of absence in his capacity as Chief Executive Officer from August 29, 2014 through the date of this Form 4 Report. Reporting Person is also President and a director of Donegal Mutual Insurance Company ("DMIC"), the holder of majority voting control of DGI, on medical leave of absence as Chief Executive Officer of DMIC from October 6, 2014 through the date of this Form 4 Report.