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*
Sheeley Michael J.
(Last) (First) (Middle)
118 SECOND AVENUE SE
(Street)
CEDAR RAPIDS IA 52407-3909
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2011 		3. Issuer Name and Ticker or Trading Symbol
UNITED FIRE & CASUALTY CO [ UFCS ]
4. 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.
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 982 D
Common Stock 1,251 I By Issuer's Employee Stock Ownership Plan for Self
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (1) 02/21/2013 Common Stock 400 $15.85 D
Stock Option (right to buy) (1) 02/20/2014 Common Stock 900 $21.66 D
Stock Option (right to buy) (1) 02/18/2015 Common Stock 1,000 $32.39 D
Stock Option (right to buy) (1) 02/17/2016 Common Stock 1,000 $39.13 D
Stock Option (right to buy) (2) 02/16/2017 Common Stock 1,000 $35.23 D
Stock Option (right to buy) (3) 02/15/2018 Common Stock 1,000 $34.39 D
Stock Option (right to buy) (4) 05/20/2019 Common Stock 1,000 $18.14 D
Stock Option (right to buy) (5) 02/19/2020 Common Stock 750 $16.89 D
Stock Option (right to buy) (6) 02/18/2021 Common Stock 1,000 $20.54 D
Explanation of Responses:
1. All options currently exercisable.
2. 800 options currently exercisable and 200 options vest and become exercisable on 02/16/2012.
3. 600 options currently exercisable and 400 options vest and become exercisable in two equal installments of 200 options each on 02/15/2012 and 02/15/2013.
4. 400 options currently exercisable and 600 options vest and become exercisable in three equal installments of 200 options each on 05/20/2012, 05/20/2013 and 05/20/2014.
5. 150 options currently exercisable and 600 options vest and become exercisable in four equal installments of 150 options each on 02/19/2012, 02/19/2013, 02/19/2014 and 02/19/2015.
6. 1,000 options become exercisable in five equal installments of 200 option shares each on 02/18/2012, 02/18/2013, 02/18/2014, 02/18/2015 and 02/18/2016.
Remarks:
/s/ Michael J. Sheeley by Dianne M. Lyons, Attorney-in-Fact 03/10/2011
** 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.