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: RILEY RAY A (Exec. VP, Chief Mktg. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-03	Citizens, Inc. Class A Common Stock	L	73.9873	$6.76	Acquired	304980.4463	Direct
2007-02-09	Citizens, Inc. Class A Common Stock	L	70.0988	$7.10	Acquired	308431.5451	Direct
2007-03-09	Citizens, Inc. Class A Common Stock	L	68.2195	$7.30	Acquired	308499.7646	Direct
2007-04-09	Citizens, Inc. Class A Common Stock	L	66.2792	$7.51	Acquired	308566.0438	Direct
2007-05-25	Citizens, Inc. Class A Common Stock	L	62.9716	$7.91	Acquired	308629.0154	Direct
2007-06-08	Citizens, Inc. Class A Common Stock	L	69.6733	$7.15	Acquired	308698.6887	Direct
2007-07-06	Citizens, Inc. Class A Common Stock	L	70.9497	$7.02	Acquired	308769.6384	Direct
2007-08-03	Citizens, Inc. Class A Common Stock	L	83.6154	$5.95	Acquired	308853.2538	Direct
2007-09-07	Citizens, Inc. Class A Common Stock	L	65.4095	$7.61	Acquired	308918.6633	Direct
2007-09-28	Citizens, Inc. Class A Common Stock	L	60.6905	$8.21	Acquired	308979.3538	Direct
2007-11-02	Citizens, Inc. Class A Common Stock	L	61.9541	$8.04	Acquired	309041.3079	Direct
2007-11-30	Citizens, Inc. Class A Common Stock	L	76.9496	$6.47	Acquired	309118.2575	Direct
2007-12-31	Citizens, Inc. Class A Common Stock	L	0.3891	$6.47	Disposed	309117.8684	Direct
2007-12-31	Citizens, Inc. Class A Common Stock	L	84.141	$5.91	Acquired	309202.0094	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	123560	Indirect
Citizens, Inc. Class A Common Stock	26398	Indirect
Citizens, Inc. Class A Common Stock	83229	Indirect

Footnotes

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

F2: Adjustment due to rounding.