CITIZENS, INC. — Director's Dealing 2019

Jan 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2019-01-24

Reporting Person: Osbourn Kay E (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-24	Restricted Stock Units	$	A	27322	Acquired		Class A Common Stock (27322)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (19471)	19471	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

F2: Vesting is 100% on the first anniversary of the date of grant (January 24, 2020).

F3: Restricted stock units convert into Citizens, Inc. Class A common stock on a one-for-one basis.

F4: Vesting is 50% on the first anniversary of the date of the grant (February 15, 2019, and 50% on the second anniversary of the date of the grant (February 15, 2020)