SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SOKOL BARBARA K

(Last)

(First)

(Middle)

250 E. BROAD ST.

10TH FLOOR

(Street)

COLUMBUS

43215

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BANCINSURANCE CORP [ BCIS ]

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

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2008

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 Following Reported Transaction(s) (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)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	10/17/2008		G	V	603,963.67⁽¹⁾⁽²⁾	D	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		W	V	603,963.67⁽¹⁾⁽²⁾	D	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		W	V	411,132.33⁽¹⁾⁽²⁾	A	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		W	V	192,831.34⁽¹⁾⁽²⁾	A	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		G	V	411,132.33⁽¹⁾⁽²⁾	D	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		G	V	411,132.33⁽¹⁾⁽²⁾	A	$0.00	1,750,000⁽¹⁾⁽²⁾	I	By Limited Partnership⁽¹⁾⁽²⁾
Common Shares	01/01/2009		W	V	353,592	D	$0.00	0	I	Executor of the Estate of Si Sokol
Common Shares	01/01/2009		W	V	180,796	A	$0.00	180,796	I	Trustee of the Family Share of the Si Sokol Trust
Common Shares	01/01/2009		W	V	172,796	A	$0.00	172,796	I	Trustee of the Marital Share of the Si Sokol Trust
Common Shares	01/01/2009		G	V	172,796	D	$0.00	0	I	Trustee of the Marital Share of the Si Sokol Trust
Common Shares	01/01/2009		G	V	172,796	A	$0.00	474,822	D
Common Shares	01/16/2009		G	V	8,550	D	$0.00	466,272	D

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)	Code	V	(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. The reported securities are owned by Falcon Equity Partners, L.P. ("Falcon"), an Ohio limited partnership whose partners are members of the Si Sokol family, including the reporting person, and trusts for the benefit of members of the Si Sokol family.

2. Following the transactions reported herein, the reporting person holds, directly and indirectly as trustee of a trust for her benefit, a 34.8% interest in Falcon. On (a) October 17, 2008, the reporting person made gifts in the aggregate of a 34.5% interest in Falcon that was held directly by the reporting person and (b) January 1, 2009, (1) the reporting person, in her capacity as Executor of the Estate of Si Sokol, distributed in the aggregate a 34.5% interest in Falcon that was held by the Estate of Si Sokol to two trusts of which the reporting person is the sole trustee and beneficiary and, (2) following such distribution, the reporting person, in her capacity as trustee of one of such trusts, distributed a 23.5% interest in Falcon that was held by such trust to the reporting person. The reporting person disclaims beneficial ownership of the BCIS common shares held by Falcon, except to the extent of her pecuniary interest therein.

Remarks:

	/s/ Barbara K. Sokol	02/13/2009
	** 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.