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
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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).
1. Name and Address of Reporting Person*
PRATHER CARLA A

(Last) (First) (Middle)
7190 N.E. BERWICK DR

(Street)
ANKENY IA 50221

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EMC INSURANCE GROUP INC [ EMCI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Asst. V.P. & Controller
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2006
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)
Code V Amount (A) or (D) Price
EMCI - Common Stock 06/05/2006 F 100 D $30.835 334 D
EMCI - Common Stock 06/05/2006 M 334 A $9.25 334 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
ISO Right to Buy $9.25 06/05/2006 M 334 08/01/2001(1) 08/01/2010 Common Stock 4,066 $9.25 17,866(2) D
ISO Right to Buy $13.6875 02/01/1999 02/01/2008 Common Stock 5,000 17,866 D
ISO Right to Buy $12.6875 02/01/2000 02/01/2009 Common Stock 1,500 17,866 D
ISO Right to Buy $18.3 02/01/2003 02/01/2012 Common Stock 500 17,866 D
ISO Right to Buy $16.875 02/07/2004 02/07/2013 Common Stock 500 17,866 D
ISO Right to Buy $22.28 02/06/2005 02/06/2014 Common Stock 300 17,866 D
ISO Right to Buy $19.35 03/01/2006 03/01/2015 Common Stock 3,000 17,866 D
ISO Right to Buy $24.6 03/01/2007 03/01/2016 Common Stock 3,000 17,866 D
Explanation of Responses:
1. All options vest in five equal annual installments beginning one year after date of grant.
2. Aggregate total of option to buy 17,866 options. 11,066 options under the 1993 ISO Plan and 6,800 options under the 2003 ISO Plan
Carla A. Prather 06/06/2006
** 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.