CITIZENS, INC. - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2006-01-30

Reporting Person: RILEY RAY A (Chief Marketing Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Citizens, Inc. Class A Common Stock	L	89.1139	$5.61	Acquired	304418.9355	Direct
2006-02-06	Citizens, Inc. Class A Common Stock	L	95.1692	$5.25	Acquired	304514.1047	Direct
2006-03-06	Citizens, Inc. Class A Common Stock	L	94.162	$5.31	Acquired	304608.2667	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	92.1676	$5.42	Acquired	304700.4343	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	93.6645	$5.34	Acquired	304794.0988	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	97.0139	$5.15	Acquired	304891.1127	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	95.333	$5.24	Acquired	304986.4457	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	94.518	$5.29	Acquired	305080.9637	Direct
2006-09-08	Citizens, Inc. Class A Common Stock	L	89.5051	$5.59	Acquired	305170.4688	Direct
2006-10-04	Citizens, Inc. Class A Common Stock	L	85.4321	$5.85	Acquired	305255.9009	Direct
2006-11-08	Citizens, Inc. Class A Common Stock	L	76.4994	$6.54	Acquired	305332.4003	Direct
2006-11-16	Citizens, Inc. Class A Common Stock	S	500	$6.40	Disposed	304832.4003	Direct
2006-11-16	Citizens, Inc. Class A Common Stock	S	1000	$6.40	Disposed	26616	Indirect

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	117880	Indirect
Citizens, Inc. Class A Common Stock	77549	Indirect

F1: These shares were purchased through the Employee Stock Purchase Plan as part of regular monthly payroll deduction.

F2: This transaction was an open market sale.