SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

LEROY SPENCER III

(Last)

(First)

(Middle)

307 N MICHIGAN AVE

STE 2300

(Street)

CHICAGO

60601

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/26/2015

3. Issuer Name and Ticker or Trading Symbol
OLD REPUBLIC INTERNATIONAL CORP [ ORI ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	60,099	D
Common Stock	16,617	I	By IRA
Common Stock	22,245	I	By Company ESSOP

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
2005 Employee Stock Option	12/31/2005	04/11/2015⁽²⁾	Common Stock	62,500⁽¹⁾	$18.41	D
2006 Employee Stock Option	12/31/2006	05/26/2016⁽²⁾	Common Stock	64,000⁽¹⁾	$21.48	D
2007 Employee Stock Option	12/31/2007	03/13/2017⁽²⁾	Common Stock	72,000⁽¹⁾	$21.77	D
2009 Employee Stock Option	12/31/2009	03/25/2018⁽²⁾	Common Stock	9,000⁽¹⁾	$10.48	D
2010 Employee Stock Option	12/31/2010	07/01/2018⁽²⁾	Common Stock	15,400⁽¹⁾	$12.08	D
2011 Employee Stock Option	12/31/2011	07/01/2018⁽²⁾	Common Stock	22,500⁽¹⁾	$12.33	D
2012 Employee Stock Option	12/31/2012	07/01/2018⁽²⁾	Common Stock	31,500⁽¹⁾	$10.8	D
2013 Employee Stock Option	12/31/2013	07/01/2018⁽²⁾	Common Stock	35,000⁽¹⁾	$12.57	D
2014 Employee Stock Option	07/01/2014	07/01/2018⁽²⁾	Common Stock	35,500⁽¹⁾	$16.06	D

Explanation of Responses:

1. All outstanding options vested on 07/01/14, the date of Mr. LeRoy's retirement from the Company.

2. Options expire on the earlier of their final exercise date or fours years following Mr. LeRoy's retirement, which expire 7/1/2018.

	William J. Dasso, Power of Attorney for Spencer LeRoy III	03/05/2015
	** 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 5 (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.