CITIZENS, INC. - Director's Dealing 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2008-12-31

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-05	Citizens, Inc. Class A Common Stock	L	83.2242	$5.98	Acquired	309285.2336	Direct
2008-02-29	Citizens, Inc. Class A Common Stock	L	87.3343	$5.70	Acquired	309372.5679	Direct
2008-03-31	Citizens, Inc. Class A Common Stock	L	70.8014	$7.03	Acquired	309443.3693	Direct
2008-05-02	Citizens, Inc. Class A Common Stock	L	69.3376	$7.18	Acquired	309512.7069	Direct
2008-05-30	Citizens, Inc. Class A Common Stock	L	76.972	$6.47	Acquired	309589.6789	Direct
2008-07-07	Citizens, Inc. Class A Common Stock	L	81.3336	$6.12	Acquired	309671.0125	Direct
2008-08-01	Citizens, Inc. Class A Common Stock	L	66.9099	$7.44	Acquired	309737.9224	Direct
2008-08-29	Citizens, Inc. Class A Common Stock	L	68.6605	$7.25	Acquired	309806.5829	Direct
2008-10-06	Citizens, Inc. Class A Common Stock	L	60.7113	$8.21	Acquired	309867.2942	Direct
2008-10-08	Citizens, Inc. Class A Common Stock	G	7700	$7.55	Disposed	302167.2942	Direct
2008-10-31	Citizens, Inc. Class A Common Stock	L	58.7303	$8.48	Acquired	302226.0245	Direct
2008-11-28	Citizens, Inc. Class A Common Stock	L	54.6363	$9.12	Acquired	302280.6608	Direct
2008-12-30	Citizens, Inc. Class A Common Stock	G	1315	$9.34	Acquired	124875	Indirect
2008-12-23	Citizens, Inc. Class A Common Stock	G	375	$8.85	Disposed	26023	Indirect
2008-12-30	Citizens, Inc. Class A Common Stock	G	1315	$9.34	Acquired	84544	Indirect

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

F2: Gift to Hyde Park Baptist Church

F3: Gift from family member.

F4: Gift to family member.