UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Cummins, Mark R.
Harleysville Group Inc.
355 Maple Avenue
Harleysville, PA 19438
2. Issuer Name and Ticker or Trading Symbol
Harleysville Group Inc.
HGIC
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
11/30/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President, Chief Investment Officer & Treasurer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |11/3/9|M | |20,000 |A |$9.50 | | | |
|7 | | | | | | | | |
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Common Stock |11/3/9|S | |20,000 |D |$26.875 |4,399.0478*+ | | |
|7 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option Plan, Opt|$9.50 |11/3/|M | |10,000 |D |5/27/|5/27/|Common Stock|10,000 |0 | | | |
ion Right-to-Buy | |97 | | | | |93 |02 | | | | | | |
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Stock Option Plan, Opt|$9.50 |11/3/|M | |10,000 |D |5/27/|5/27/|Common Stock|10,000 |0 |59,698+ | | |
ion Right-to-Buy | |97 | | | | |94 |02 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
+Total includes 2 for 1 stock split on October 6,
1997.
*This includes 2,352.4584 shares as to which the reporting person disclaims
beneficial ownership except to the
extent of his pecuniary interest therein. This report shall not be deemed an
admission that Mr. Cummins is the
beneficial owner of these shares for the purpose of Section 16 or for any other
purpose.
SIGNATURE OF REPORTING PERSON
/s/ Mark R. Cummins
DATE
11/30/97
