CITIZENS, INC. — Director's Dealing 2008

Feb 13, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2007-12-31

Reporting Person: Welch Lawrence D Jr (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-03	Citizens, Inc. Class A Common Stock	L	14.7975	$6.76	Acquired	617.629	Direct
2007-02-09	Citizens, Inc. Class A Common Stock	L	14.0198	$7.10	Acquired	631.6488	Direct
2007-03-09	Citizens, Inc. Class A Common Stock	L	13.6439	$7.30	Acquired	645.2927	Direct
2007-04-09	Citizens, Inc. Class A Common Stock	L	13.2556	$7.51	Acquired	658.5483	Direct
2007-05-25	Citizens, Inc. Class A Common Stock	L	12.5941	$7.91	Acquired	671.1424	Direct
2007-06-08	Citizens, Inc. Class A Common Stock	L	13.9344	$7.15	Acquired	685.0768	Direct
2007-07-06	Citizens, Inc. Class A Common Stock	L	14.1894	$7.02	Acquired	699.2662	Direct
2007-08-03	Citizens, Inc. Class A Common Stock	L	16.7234	$5.95	Acquired	715.9896	Direct
2007-09-07	Citizens, Inc. Class A Common Stock	L	13.0822	$7.61	Acquired	729.0718	Direct
2007-09-28	Citizens, Inc. Class A Common Stock	L	12.1386	$8.21	Acquired	741.2104	Direct
2007-11-02	Citizens, Inc. Class A Common Stock	L	12.3911	$8.04	Acquired	753.6015	Direct
2007-11-30	Citizens, Inc. Class A Common Stock	L	15.3902	$6.47	Acquired	768.9917	Direct
2007-12-31	Citizens, Inc. Class A Common Stock	L	0.0381	$6.47	Disposed	768.9536	Direct
2007-12-31	Citizens, Inc. Class A Common Stock	L	16.8289	$5.91	Acquired	785.7825	Direct

Footnotes

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

F2: Adjustment due to rounding.