Edgar Filing: Sheeley Michael J.

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Sheeley Michael J.

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/COO - United Life Ins. Co.

(Last)

(First)

(Middle)

118 SECOND AVENUE SE

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2012

(Street)

CEDAR RAPIDS, IA 52407-3909

4. If Amendment, Date 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

(City)

(State)

(Zip)

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 Stock								1,044	D
Common Stock								1,300	I	By Issuer's Employee Stock Ownership Plan for self

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 20.93

02/24/2012

2,500

⁽¹⁾

02/24/2022

Common Stock

2,500

$ 0

2,500

Stock Option (right to buy)

$ 20.54

⁽²⁾

02/18/2021

Common Stock

1,000

Stock Option (right to buy)

$ 16.89

⁽³⁾

02/19/2020

Common Stock

750

Stock Option (right to buy)

$ 18.14

⁽⁴⁾

05/20/2019

Common Stock

1,000

Stock Option (right to buy)

$ 34.39

⁽⁵⁾

02/15/2018

Common Stock

1,000

Stock Option (right to buy)

$ 35.23

⁽⁶⁾

02/16/2017

Common Stock

1,000

Stock Option (right to buy)

$ 39.13

⁽⁶⁾

02/17/2016

Common Stock

1,000

Stock Option (right to buy)

$ 32.39

⁽⁶⁾

02/18/2015

Common Stock

1,000

Stock Option (right to buy)

$ 21.66

⁽⁶⁾

02/20/2014

Common Stock

900

Stock Option (right to buy)

$ 15.85

⁽⁶⁾

02/21/2013

Common Stock

400

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Sheeley Michael J. 118 SECOND AVENUE SE CEDAR RAPIDS, IA 52407-3909			VP/COO - United Life Ins. Co.

Signatures

/s/ Michael J. Sheeley by Dianne M. Lyons, Attorney-in-Fact		02/28/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	2,500 options become exercisable in five equal installments of 500 options each on 02/24/2013, 02/24/2014, 02/24/2015, 02/24/2016 and 02/24/2017.
(2)	200 option currently exercisable and 800 options become exercisable in four equal installments of 200 options each on 02/18/2013, 02/18/2014, 02/18/2015 and 02/18/2016.
(3)	300 options currently exercisable and 450 options become exercisable in three equal installments of 150 options each on 02/19/2013, 02/19/2014, and 02/19/2015.
(4)	400 options currently exercisable and 600 options become exercisable in three equal installments of 200 options each on 05/20/2012, 05/20/2013 and 05/20/2014.
(5)	800 options currently exercisable and 200 options become exercisable on 02/15/2013.
(6)	All options currently exercisable.

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