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
Roden, Thomas E.
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
03/31/98
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)
Executive Vice President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 |3/4/98|M | |5,040 |A |$7.50 | | | |
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Common Stock |3/4/98|S | |1,000 |D |$24.81 | | | |
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Common Stock |3/5/98|S | |4,040 |D |$24.06 |14,078.4065**+ |D | |
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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 Opti|$7.50 |3/4/9|D | |2,520 |D |5/23/|5/23/|Common Stock|2,520 |-0- | | | |
on, Right to Buy | |8 | | | | |91 |00 | | | | | | |
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Stock Option Plan Opti|$7.50 |3/4/9|D | |2,520 |D |5/23/|5/23/|Common Stock|2,520 |-0- |69,312+ |D | |
on, Right to Buy | |8 | | | | |92 |00 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
**Total includes shares acquired under the Harleysville Group Inc. (HGI)
Dividend Reinvestment Plan through
December, 1997 and shares acquired 7/14/97 and 1/14/98 under HGI Employee Stock
Purchase Plan; total also
includes 77.4899 shares held by Mr. Roden as custodian for a minor grandchild
under the UGMA, as to which
shares Mr. Roden disclaims beneficial ownership. This report shall not be
deemed an admission that Mr. Roden is
the beneficial owner of those shares for purposes of Section 16 or for any
other purpose.
+Total reflects 2 for 1 stock split October 6,
1997.
SIGNATURE OF REPORTING PERSON
/s/ Thomas E. Roden
DATE
03/18/98
