PECK STEVEN C 4
4 · EMC INSURANCE GROUP INC · Filed Mar 5, 2009
Insider Transaction Report
Form 4
PECK STEVEN C
Sr. Vice Pres. - Actuary
Transactions
- Award
Employee Stock Option/Tandem Stock Appreciation Rights
2009-03-03+6,000→ 6,000 totalExercise: $18.86From: 2010-03-03Exp: 2019-03-03→ Common Stock (6,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]Options vest in five equal annual installments beginning one year after date of grant.