CITIZENS, INC. — Director's Dealing 2011

Mar 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	Citizens, Inc. Class A Common Stock	L	67.0713	$7.42	Acquired	220564.3239	Direct
2011-01-28	Citizens, Inc. Class A Common Stock	L	70.1266	$7.10	Acquired	220634.4505	Direct
2011-02-25	Citizens, Inc. Class A Common Stock	L	67.358	$7.39	Acquired	220701.8085	Direct
2011-03-25	Citizens, Inc. Class A Common Stock	S	2122	$7.40	Disposed	218579.8085	Direct
2011-03-25	Citizens, Inc. Class A Common Stock	S	700	$7.42	Disposed	217879.8085	Direct
2011-03-25	Citizens, Inc. Class A Common Stock	S	878	$7.43	Disposed	217001.8085	Direct
2011-03-28	Citizens, Inc. Class A Common Stock	S	400	$7.40	Disposed	216601.8085	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	124875	Indirect
Citizens, Inc. Class A Common Stock	22823	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.