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: 2019-01-23

Reporting Person: Kolander Geoffrey Martin (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-23	Citizens, Inc. Class A Common Stock	M	134409	—	Acquired	134409	Direct
2019-01-23	Citizens, Inc. Class A Common Stock	F	38163	$7.44	Disposed	96246	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-23	Restricted Stock Units	$	A	134409	Acquired		Class A Common Stock (134409)	Direct
2019-01-23	Restricted Stock Units	$	M	134409	Disposed		Class A Common Stock (134409)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (68150)	68150	Direct

Footnotes

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

F2: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

F3: Pursuant to the reporting person's employment agreement dated January 23, 2019, the reporting person was granted 134,409 restricted stock units on January 23, 2019 that vest immediately.

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)