SEC FORM 5

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^*

SCHARMER NEAL R

(Last)

(First)

(Middle)

118 SECOND AVENUE SE

P.O. BOX 73909

(Street)

CEDAR RAPIDS

52407-3909

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED FIRE & CASUALTY CO [ UFCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP/General Counsel/Corp Sec

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009

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)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/15/2009		P⁽¹⁾	4⁽²⁾	A	$18.38⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	07/31/2009		P⁽¹⁾	5⁽²⁾	A	$17.47⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	08/14/2009		P⁽¹⁾	4⁽²⁾	A	$19.31⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	08/31/2009		P⁽¹⁾	4⁽²⁾	A	$20.01⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	09/15/2009		P⁽¹⁾	4⁽²⁾	A	$20⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	09/30/2009		P⁽¹⁾	5⁽²⁾	A	$17.9⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	10/16/2009		P⁽¹⁾	4⁽²⁾	A	$20.44⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	10/30/2009		P⁽¹⁾	5⁽²⁾	A	$17.48⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	11/13/2009		P⁽¹⁾	5⁽²⁾	A	$17.18⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	11/30/2009		P⁽¹⁾	5⁽²⁾	A	$17.18⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	12/15/2009		P⁽¹⁾	5⁽²⁾	A	$17.58⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) Plan for self
Common Stock	12/31/2009		P⁽¹⁾	5⁽²⁾	A	$18.23⁽³⁾	1,995⁽⁴⁾⁽⁵⁾	I	By 401(k) 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)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction is reported on Form 5 pursuant to Rule 16a-6 of the Securities Exchange Act of 1934.

2. Represents the approximate number of shares acquired by the trustee of the Company's 401(k) plan for Mr. Scharmer's benefit, based on a statement by the plan trustee.

3. The price per share represents the purchase price of shares acquired by the trustee of the Company's 401(k) plan, based on a statement of the plan trustee.

4. The number of securities shown as being held in or acquired or disposed of by the Company's 401(k) plan for Mr. Scharmer's benefit is the approximate number of shares of common stock for which Mr. Scharmer has the right to vote under the 401(k) plan. Such shares are not directly allocated to plan participants, but are instead held in a unitized fund consisting primarily of Company common stock, together with a small percentage of short-term investments. 401(k) plan participants acquire units in this fund.

5. The amount of securities beneficially held at 12/31/2009 after all reported transactions includes: 1,268 shares of restricted stock issued under the Company's 2008 Stock Plan, which vest, subject to certain conditions, on 05/21/2013; 637 shares held in the Company's Employee Stock Ownership Plan for Mr. Scharmer's benefit; and approximately 90 shares held in a Company 401(k) account for Mr. Scharmer's benefit, based on a statement of the plan trustee.

Remarks:

	/s/ Neal R. Scharmer by Dianne M. Lyons, Attorney-in-Fact	02/12/2010
	** 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).
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