CITIZENS, INC. — Director's Dealing 2011

Oct 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2011-07-01

Reporting Person: RILEY RAY A (EVP, USA Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-01	Citizens, Inc. Class A Common Stock	L	72.1047	$6.90	Acquired	178694.7001	Direct
2011-08-05	Citizens, Inc. Class A Common Stock	L	72.0043	$6.91	Acquired	178766.7044	Direct
2011-09-02	Citizens, Inc. Class A Common Stock	L	77.7265	$6.40	Acquired	178844.4309	Direct
2011-10-04	Citizens, Inc. Class A Common Stock	L	74.7519	$6.66	Acquired	178919.1828	Direct
2011-10-11	Citizens, Inc. Class A Common Stock	S	2000	$6.94	Disposed	176919.1828	Direct
2011-10-11	Citizens, Inc. Class A Common Stock	S	2000	$6.98	Disposed	174919.1828	Direct
2011-10-11	Citizens, Inc. Class A Common Stock	S	3840	$7.00	Disposed	171079.1828	Direct
2011-10-11	Citizens, Inc. Class A Common Stock	S	2000	$6.98	Disposed	20823	Indirect
2011-10-11	Citizens, Inc. Class A Common Stock	S	4907	$7.03	Disposed	15916	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	124875	Indirect
Citizens, Inc. Class A Common Stock	84544	Indirect
Citizens, Inc. Class A Common Stock	17040	Indirect

Footnotes

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

F2: This transaction was an open market sale.