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*
Drahozal Christopher R

(Last) (First) (Middle)
118 SECOND AVENUE SE
P.O. BOX 73909

(Street)
CEDAR RAPIDS IA 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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2011
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)
Code V Amount (A) or (D) Price
Common Stock 08/30/2011 S(1) 8,000 D $15.975 384,698(2)(3) I See footnote #2
Common Stock 2,674(4) 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
Explanation of Responses:
1. This transaction denotes the privately negotiated sale of securities from the McIntyre Foundation to the Dee Ann McIntyre Marital Election Trust dated 10/06/2009.
2. The number of shares beneficially held indirectly by the reporting person following the reported transaction includes: 243,086 shares held directly by Mr. Drahozal's wife; 74,714 shares held by Mr. Drahozal's children; and 66,898 shares held by a trust for the benefit of Mr. Drahozal's children where he and his wive serve as co-trustees. The 519,863 shares owned by the McIntyre Foundation (511,863 after the reported transaction) that were previously included in Mr. Drahozal's indirect beneficial ownership total are no longer included in this Column 5. See Footnote 3 for further explanation.
3. Shares held by the McIntyre Foundation (an Iowa charitable foundation) were previously reported as beneficially owned by Mr. Drahozal because his wife serves as an officer and director of the foundation. It was originally presumed that Mr. Drahozal had an indirect pecuniary interest in the shares owned by the foundation because his wife's family established the foundation with shares previously held directly by them. Subsequently, Mr. Drahozal and the Issuer have determinted that he has no pecuniary interest (direct or indirect) in these shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") or for any other purpose. Therefore, shares of Issuer's common stock owned by the McIntyre Foundation are not included in the total reported in Column 5 of this report and will not be included in Mr. Drahozal's future filings pursuant to Section 16.
4. These shares are held jointly by Mr. Drahozal and his wife.
Remarks:
/s/ Christopher R. Drahozal by Dianne M. Lyons, Attorney-in-Fact 09/01/2011
** 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).
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