CITIZENS, INC. — Director's Dealing 2020

Feb 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2020-01-31

Reporting Person: Kolander Geoffrey Martin (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Citizens, Inc. Class A Common Stock	M	52891	—	Acquired	135512	Direct
2020-01-31	Citizens, Inc. Class A Common Stock	F	13275	$6.06	Disposed	122237	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-31	Restricted Stock Units	$	M	52891	Disposed		Class A Common Stock (52891)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (34075)	34075	Direct

Footnotes

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

F2: 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).

F3: 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).