CITIZENS, INC. — Director's Dealing 2019

Feb 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2019-02-15

Reporting Person: Osbourn Kay E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Citizens, Inc. Class A Common Stock	M	9735	—	Acquired	11419.2597	Direct
2019-02-15	Citizens, Inc. Class A Common Stock	F	2371	$6.94	Disposed	9048.2597	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-15	Restricted Stock Units	$	M	9735	Disposed		Class A Common Stock (9735)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (27323)	27323	Direct
Restricted Stock Units	$		Class A Common Stock (24683)	24683	Direct

Footnotes

F1: Restricted stock units convert into Citizens, Inc. Class A common stock on a one-for-one basis.

F2: On February 15, 2018, the reporting person was granted an award of restricted stock units, vesting in two equal annual installments on the first anniversary of the date of the grant (February 15, 2019) and the second anniversary of the date of the grant (February 15, 2020).

F3: On January 24, 2019, the reporting person was granted an award of restricted stock units, vesting on the first anniversary of the grant date (January 24, 2020).

F4: On January 31, 2019, the reporting person was granted an award of restricted stock units, vesting in two equal annual installments on the first anniversary of the date of the grant (January 31, 2020) and the second anniversary of the date of the grant (January 31, 2021).