UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | 03/01/2015(1) | 03/01/2015(1) | Common Stock | 287 | $ (2) | D | Â |
Restricted Stock Units | 03/01/2015(3) | 03/01/2016(3) | Common Stock | 756 | $ (2) | D | Â |
Restricted Stock Units | 03/01/2015(4) | 03/01/2017(4) | Common Stock | 2,248 | $ (2) | D | Â |
Stock Appreciation Rights | 05/01/2015(5) | 05/01/2018(6) | Common Stock | 2,400 | $ 116.48 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WALSH TIMOTHY A ONE MOODY PLAZA GALVESTON, TX 77550 |
 |  |  See Remarks. |  |
Timothy A. Walsh | 12/12/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These restricted stock units represent the remaining portion of a grant of 862 restricted stock units that began vesting in three substantially equal annual installments on March 1, 2013. Vesting may occur earlier upon the reporting person's retirement, death or disability. |
(2) | Each restricted stock unit represents a contingent right to receive, upon vesting, one share of the issuer's common stock or, at the election of the reporting person, cash in an amount equal to the closing price of such stock on the date of vesting. |
(3) | These restricted stock units represent the remaining portion of a grant of 1,134 restricted stock units that began vesting in three substantially equal annual installments on March 1, 2014. Vesting may occur earlier upon the reporting person's retirement, death or disability. |
(4) | These restricted stock units vest in three substantially equal annual installments, beginning on March 1, 2015, or upon the reporting person's earlier retirement, death or disability. |
(5) | These stock appreciation rights represent the remaining portion of a grant of 3,000 stock appreciation rights that began vesting in five equal annual installments on May 1, 2009. |
(6) | Stock appreciation rights expire five years from the date they vest and become exercisable. The date shown represents the expiration date of the final installment of stock appreciation rights to become exercisable. |
 Remarks: Reporting Person is the President and CEO of the following subsidiaries of the Issuer: Farm Family Life Insurance Company, Farm Family Casualty Insurance Company, and United Farm Family Insurance Company.  Pursuant to a determination by the Issuer's Board of Directors on December 12, 2014, the Reporting Person is considered an officer of the Issuer for purposes of Section 16. |