SEC Form 4 · accession 0001209191-19-005404
CITIZENS, INC. · CIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Kay E Osbourn
Officer — Chief Financial Officer
Period of report
Jan 24, 2019
Accepted (ET)
Jan 25, 2019 · 5:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000024090
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jan 24, 2019 | A | 27,322 | A | — | — | Class A Common Stock | 27,322 | 27,322 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 19,471 | 19,471 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- F2Vesting is 100% on the first anniversary of the date of grant (January 24, 2020).
- F3Restricted stock units convert into Citizens, Inc. Class A common stock on a one-for-one basis.
- F4Vesting 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)