0000356130-19-000104.txt : 20190923
0000356130-19-000104.hdr.sgml : 20190923
20190923132206
ACCESSION NUMBER: 0000356130-19-000104
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190919
FILED AS OF DATE: 20190923
DATE AS OF CHANGE: 20190923
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KELLEY BRUCE G
CENTRAL INDEX KEY: 0001199837
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-10956
FILM NUMBER: 191107350
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EMC INSURANCE GROUP INC
CENTRAL INDEX KEY: 0000356130
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 426234555
STATE OF INCORPORATION: IA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 717 MULBERRY ST
CITY: DES MOINES
STATE: IA
ZIP: 50309
BUSINESS PHONE: 5153452902
MAIL ADDRESS:
STREET 1: 717 MULBERRY STREET
CITY: DES MOINES
STATE: IA
ZIP: 50309
4
1
wf-form4_156925930977238.xml
FORM 4
X0306
4
2019-09-19
1
0000356130
EMC INSURANCE GROUP INC
EMCI
0001199837
KELLEY BRUCE G
EMPLOYERS MUTUAL CASUALTY COMPANY
717 MULBERRY STREET
DES MOINES
IA
50309
1
1
0
0
President & CEO
EMCI-Common Stock
2019-09-19
4
D
0
138657
36
D
0
I
By Trust
EMCI Common Stock
2019-09-19
4
D
0
133394
36
D
1500
D
EMCI Common Stock
2019-09-19
4
D
0
1500
36
D
0
D
EMCI-Common Stock
2019-09-19
4
D
0
2250
0
D
0
I
Spouse
NQO Right To Buy
16.27
2019-09-19
4
D
0
13241
0
D
2012-03-01
2021-03-01
Common Stock
13241.0
0
D
NQO Right To Buy
13.9887
2019-09-19
4
D
0
13500
0
D
2013-03-01
2022-03-01
Common Stock
13500.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
3000
0
D
2018-03-01
2021-03-01
Common Stock
3000.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
4500
0
D
2019-03-01
2022-03-01
Common Stock
4500.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
6000
0
D
2020-03-01
2023-03-01
Common Stock
6000.0
0
D
In connection with the merger of EMC Insurance Group Inc. and a subsidiary of Employers Mutual Casualty Company, pursuant to an agreement and plan of merger dated May 8, 2019 (the "Merger Agreement"), all shares of EMC Insurance Group Inc. common stock were cancelled and automatically converted into the right to receive $36.00 per share, without interest.
Since the reporting person's last ownership form, 138,657 shares previously reported as directly held ordinary shares have been transferred and are now indirectly beneficially owned by Trust.
This restricted stock award which provided for vesting in four equal annual installments beginning March 1, 2017, was cancelled and converted into the right to receive the cash payment from Employers Mutual Casualty Company as specified in the Merger Agreement, if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSA).
This option which provided for vesting in five equal annual installments beginning March 1, 2012, was cancelled and converted into the right to receive the cash payment from Employers Mutual Casualty Company as specified in the Merger Agreement (the difference between the exercise price of the option and the merger consideration of $36.00 per share).
This option which provided for vesting in five equal annual installments beginning March 1, 2013, was cancelled and converted into the right to receive the cash payment from Employers Mutual Casualty Company as specified in the Merger Agreement (the difference between the exercise price of the option and the merger consideration of $36.00 per share).
This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2018, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2019, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
This restricted stock unit award which provided for vesting in four equal annual installments beginning March 1, 2020, was cancelled and converted into the right to receive from Employers Mutual Casualty Company the cash payment specified in the Merger Agreement if and when the applicable vesting conditions in the original award are met (the product of the merger consideration of $36.00 per share multiplied by the total number of shares of common stock underlying each RSU).
Bruce G. Kelley
2019-09-23