X0303 4 2009-03-03 0 0000356130 EMC INSURANCE GROUP INC EMCI 0001281336 PECK STEVEN C 2106 PRAIRIE VIEW EAST AMES IA 50010 0 1 0 0 Sr. Vice Pres. - Actuary Employee Stock Option/Tandem Stock Appreciation Rights 18.865 2009-03-03 4 A 0 6000 0 A 2010-03-03 2019-03-03 Common Stock 6000 6000 D The employee stock options (right to buy) were granted in tandem with stock appreciation rights up to 50% of the employee stock options (right to buy). Exercise of stock appreciation rights must be in conjunction with the exercise of the employee stock options (right to buy). Accordingly, the exercise of one results in the expiration of the other. Options vest in five equal annual installments beginning one year after date of grant. Steven C. Peck 2009-03-05