SEC Form 4 · accession 0001209191-19-006657
CITIZENS, INC. · CIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kay E Osbourn
Officer — Chief Financial Officer
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 9:21 am 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 31, 2019 | A | 24,683 | A | — | — | Class A Common Stock | 24,683 | 24,683 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 19,471 | 19,471 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 27,322 | 27,322 | 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 50% on the first anniversary of the date of the grant (January 31, 2020) and 50% on the second anniversary of the date of the grant (January 31, 2021).
- F3Vesting 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).
- F4Vesting is 100% on the first anniversary of the grant date (January 24, 2020).