SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Form 3 Holdings Reported.
  
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
CONNER DAVID E
(Last) (First) (Middle)
118 SECOND AVENUE SE
P.O. BOX 73909
(Street)
CEDAR RAPIDS IA 52407-3909
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITED FIRE GROUP INC [ UFCS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP/Chief Claims Officer
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 6,029(1) D
Common Stock 2,500(2) I By 401(k) Plan for Self
Common Stock 408 I By Issuer's Employee Stock Ownership Plan for self
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $32.39 (3) 02/18/2015 Common Stock 2,500 2,500 D
Stock Option (right to buy) $39.13 (3) 02/17/2016 Common Stock 2,500 2,500 D
Stock Option (right to buy) $35.23 (3) 02/16/2017 Common Stock 5,000 5,000 D
Stock Option (right to buy) $33.43 (3) 05/21/2018 Common Stock 4,485 4,485 D
Stock Option (right to buy) $22.42 (4) 05/19/2020 Common Stock 3,000 3,000 D
Stock Option (right to buy) $20.54 (5) 02/18/2021 Common Stock 4,809 4,809 D
Stock Option (right to buy) $23.96 (6) 02/15/2023 Common Stock 4,681 4,681 D
Stock Option (right to buy) $29.61 (7) 02/21/2024 Common Stock 6,552 6,552 D
Explanation of Responses:
1. The total number of securities beneficially held directly by the Reporting Person includes: 796 shares held by Mr. Conner directly; 1,875 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/18/2016; 1,334 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/15/2018; and 2,024 shares of restricted stock issued under the Issuer's Stock Plan which vest, subject to certain conditions, on 02/21/2019.
2. The number of securities shown as being held in or acquired by the Issuer's 401(k) account for the Reporting Person's benefit are the approximate number of shares of Issuer common stock (excluding fractionals) for which the Reporting Person has the right to direct the vote under the Issuer's 401(k) Plan. Such shares are not directly allocated to 401(k) Plan participants, but are instead held in a unitized fund consisting primarily of Issuer common stock, together with a small percentage of short-term investments. 401(k) Plan participants acquire units of this fund.
3. All options currently exercisable.
4. 2,400 options currently exercisable. Remaining options become vested and exercisable on 05/19/2015.
5. 2,885 options currently exercisable. Remaining options become vested and exercisable in equal installments on 02/18/2015 and 02/18/2016, respectively.
6. 937 options currently exercisable. Remaining options become vested and exercisable in equal installments on 02/15/2015, 02/15/2016 and 02/15/2017, respectively.
7. Options become vested and exercisable in equal installments on 02/21/2015, 2/21/2016, 02/21/2017, 02/21/2018 and 02/21/2019, respectively.
Remarks:
/s/ David E. Conner by Michael T. Wilkins, Attorney-in-Fact 02/13/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.