CITIZENS, INC. — Director's Dealing 2020

Aug 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2020-08-05

Reporting Person: Kolander Geoffrey Martin (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-05	Citizens, Inc. Class A Common Stock	M	52892	—	Acquired	200906	Direct
2020-08-05	Citizens, Inc. Class A Common Stock	F	20814	$5.88	Disposed	180092	Direct
2020-08-05	Citizens, Inc. Class A Common Stock	M	216216	—	Acquired	396308	Direct
2020-08-05	Citizens, Inc. Class A Common Stock	F	85082	$5.88	Disposed	311226	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-05	Restricted Stock Units	$	M	52892	Disposed		Class A Common Stock (52892)	Direct
2020-08-05	Restricted Stock Units	$	M	216216	Disposed		Class A Common Stock (216216)	Direct

Footnotes

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

F2: Vesting was accelerated in connection with the reporting person's departure on August 5, 2020 pursuant to the terms of the Employment Agreement with the Company dated January 2020.