0000356130-19-000106.txt : 20190923
0000356130-19-000106.hdr.sgml : 20190923
20190923145120
ACCESSION NUMBER: 0000356130-19-000106
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: Nigut Elizabeth A
CENTRAL INDEX KEY: 0001502872
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-10956
FILM NUMBER: 191107669
MAIL ADDRESS:
STREET 1: 5010 WOODLAND AVENUE
CITY: DES MOINES
STATE: IA
ZIP: 50312
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_156926466476887.xml
FORM 4
X0306
4
2019-09-19
1
0000356130
EMC INSURANCE GROUP INC
EMCI
0001502872
Nigut Elizabeth A
EMPLOYERS MUTUAL CASUALTY COMPANY
717 MULBERRY STREET
DES MOINES
IA
50309
0
1
0
0
Senior Vice President
EMCI-Common Stock
2019-09-19
4
D
0
3579.867
36
D
239
D
EMCI-Common Stock
2019-09-19
4
D
0
239
36
D
0
D
NQO-RIGHT TO BUY
16.27
2019-09-19
4
D
0
6500
0
D
2012-03-01
2021-03-01
Common Stock
6500.0
0
D
NQO-RIGHT TO BUY
13.9866
2019-09-19
4
D
0
4050
0
D
2013-03-01
2022-03-01
Common Stock
4050.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
1126
0
D
2018-03-01
2021-03-01
Common Stock
1126.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
1689
0
D
2019-03-01
2022-03-01
Common Stock
1689.0
0
D
Restricted Stock Units
0.0
2019-09-19
4
D
0
2252
0
D
2020-03-01
2023-03-01
Common Stock
2252.0
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.
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).
Elizabeth A. Nigut
2019-09-23