LOVELL MICHAEL ALAN (Executive Vice President) reported 2 transactions at EMC INSURANCE GROUP INC

Review the transaction codes below to understand the nature of each event.

LOVELL MICHAEL ALAN

Filed: 9/23/2019ACC: 0000356130-19-000098

InsiderLOVELL MICHAEL ALANCIK 1509536

→

IssuerEMC INSURANCE GROUP INCCIK 356130

Officer· Executive Vice President

Since Mar 2019

-32.18K

Net shares

Net seller

$320.0K

Total sold

Open market trades

0B · 0S

Total transactions

32.18K disposed

Non-Derivative Transactions2

EMCI Common Stock

Direct

D · Disposition

−7.76K

Price / share

$36.00

Trade value

$279.52K

% of position

87.3%

9/19/2019

8.89K→1.13K

EMCI Common Stock

Direct

D · Disposition

−1.13K

Price / share

$36.00

Trade value

$40.50K

% of position

New position

9/19/2019

1.13K→0.00

Total

Net shares

−8.89K

Net value

-$320.02K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
EMCI Common Stock Direct	9/19/2019	D · Disposition	−7.76K	$36.00	$279.52K	87.3%	8.89K	1.13K
EMCI Common Stock Direct	9/19/2019	D · Disposition	−1.13K	$36.00	$40.50K	New position	1.13K	0.00
Total			−8.89K		-$320.02K

Derivative Transactions6

NQO Right To Buy

Direct

D · Disposition

Converts to

Common Stock

112.00 shares

−112.00

Strike price

13.7833

Held after

0.00

Exercisable

—

9/19/2019

NQO Right To Buy

Direct

D · Disposition

Converts to

Common Stock

9K shares

−9K

Strike price

16.27

Held after

0.00

Exercisable

—

9/19/2019

NQO Right To Buy

Direct

D · Disposition

Converts to

Common Stock

4.05K shares

−4.05K

Strike price

13.9866

Held after

0.00

Exercisable

—

9/19/2019

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

2.25K shares

−2.25K

Strike price

0.0

Held after

0.00

Exercisable

—

9/19/2019

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

3.38K shares

−3.38K

Strike price

0.0

Held after

0.00

Exercisable

—

9/19/2019

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

4.50K shares

−4.50K

Strike price

0.0

Held after

0.00

Exercisable

—

9/19/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
NQO Right To Buy Direct	Common Stock112.00 shares	9/19/2019	D · Disposition	−112.00	13.7833	—
NQO Right To Buy Direct	Common Stock9K shares	9/19/2019	D · Disposition	−9K	16.27	—
NQO Right To Buy Direct	Common Stock4.05K shares	9/19/2019	D · Disposition	−4.05K	13.9866	—
Restricted Stock Units Direct	Common Stock2.25K shares	9/19/2019	D · Disposition	−2.25K	0.0	—
Restricted Stock Units Direct	Common Stock3.38K shares	9/19/2019	D · Disposition	−3.38K	0.0	—
Restricted Stock Units Direct	Common Stock4.50K shares	9/19/2019	D · Disposition	−4.50K	0.0	—