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

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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^*

Wilkins Michael T

(Last)

(First)

(Middle)

118 SECOND AVENUE SE

P.O. BOX 73909

(Street)

CEDAR RAPIDS

52407-3909

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED FIRE & CASUALTY CO [ UFCS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2011

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 Stock	02/18/2011		A		3,894	A	$20.54	8,980⁽¹⁾	D
Common Stock								202,058⁽²⁾	I	By self as co-trustee of Issuer's defined benefit pension plan
Common Stock								234,107⁽³⁾	I	By self as co-trustee of Issuer's employee stock ownership plan

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)
Stock Option (right to buy)	$20.54⁽⁴⁾	02/18/2011		A		9,467		⁽⁵⁾	02/18/2021	Common Stock	9,467	$0.00	9,467	D
Stock Option (right to buy)	$22.42⁽⁴⁾							⁽⁶⁾	05/19/2020	Common Stock	3,000		3,000	D
Stock Option (right to buy)	$33.43⁽⁴⁾							⁽⁷⁾	05/21/2018	Common Stock	8,463		8,463	D
Stock Option (right to buy)	$35.23⁽⁴⁾							⁽⁸⁾	02/16/2017	Common Stock	10,000		10,000	D
Stock Option (right to buy)	$39.13⁽⁴⁾							⁽⁹⁾	02/17/2016	Common Stock	5,000		5,000	D
Stock Option (right to buy)	$32.39⁽⁴⁾							⁽⁹⁾	02/18/2015	Common Stock	5,000		5,000	D
Stock Option (right to buy)	$21.66⁽⁴⁾							⁽⁹⁾	02/20/2014	Common Stock	1,600		1,600	D
Stock Option (right to buy)	$15.85⁽⁴⁾							⁽⁹⁾	02/21/2013	Common Stock	400		400	D
Stock Option (right to buy)	$17.7⁽⁴⁾							⁽⁹⁾	08/01/2012	Common Stock	200		200	D

Explanation of Responses:

1. The total number of securities beneficially held directly by the reporting person following the reported transaction includes: 3,894 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016; 2,313 shares of resticted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013; and 2,773 shares held by the reporting person individually.

2. The Reporting Person serves as co-trustee of this employee benefit plan and disclaims beneficial ownership of these securities. None of the shares held by this plan are allocated to the Reporting Person's individual benefit. The Reporting Person will recieve a pension benefit from the plan upon retirement. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

3. The Reporting Person serves as co-trustee of this employee benefit plan and disclaims beneficial ownership of any Issuer securities held by this plan that are not allocated for his individual benefit, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. Only 1,575 shares held in this plan are allocated specifically for the Reporting Person's individual benefit.

4. The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.

5. 9,467 options become exercisable in three equal installments of 1,893 options each on 02/18/2012, 02/18/2013 and 02/18/2014 and two equal installments of 1,894 options each 02/18/2015 and 02/18/2016.

6. 3,000 options become exercisable in five equal installments of 600 option shares each on 05/19/2011, 05/19/2012, 05/19/2013, 05/19/2014 and 05/19/2015.

7. 5,078 options currently exercisable; 1,693 options become exercisable on 05/21/2011; 1,693 options become exercisable on 05/21/2012; and 1,692 options become exercisable on 05/21/2013.

8. 8,000 options currently exercisable and 2,000 options become exercisable on 02/16/2012.

9. All options currently exercisable.

Remarks:

	/s/ Michael T. Wilkins by Dianne M. Lyons, Attorney-in-Fact	02/22/2011
	** 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 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.