SEC Form 5 · accession 0001140361-16-051322
UTG INC · UTGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jesse T Correll
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Dec 31, 2015
Accepted (ET)
Feb 10, 2016 · 11:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000832480
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 1, 2015 | G | 1,674 | $0.00 | D | 341,997 | I | By First Southern Funding, LLC |
| Common StockF1,F3 | Feb 9, 2015 | G | 757 | $0.00 | D | 341,997 | I | By First Southern Funding, LLC |
| Common StockF5,F6 | Jan 12, 2015 | G | 32 | $0.00 | D | 204,909 | I | By First Southern Bancorp, Inc. |
| Common StockF5,F7 | Mar 24, 2015 | G | 791 | $0.00 | D | 204,909 | I | By First Southern Bancorp, Inc. |
| Common StockF5,F8 | Jul 7, 2015 | G | 1,570 | $0.00 | D | 204,909 | I | By First Southern Bancorp, Inc. |
| Common StockF5,F9 | Dec 2, 2015 | G | 471 | $0.00 | D | 204,909 | I | By First Southern Bancorp, Inc. |
| Common StockF4 | holding | — | — | — | 72,750 | I | By WCorrell Limited Partnership | |
| Common StockF10 | holding | — | — | — | 1,201,876 | I | By First Southern Holdings, LLC | |
| Common Stock | holding | — | — | — | 39,439 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is President and manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F10The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (5). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2This transaction is being reported to reflect gifts of First Southern Funding, LLC membership interest by the reporting person. On January 1, 2015, the reporting person gifted membership units representing 0.489% of the total outstanding membership units in First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3This transaction is being reported to reflect gifts of First Southern Funding, LLC membership interest by the reporting person. On February 9, 2015, the reporting person gifted membership units representing 0.221% of the total outstanding membership units in First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F4The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F5The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F6This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. The reporting person gifted 502 shares (0.02% of those outstanding) on January 12, 2015. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F7This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. The reporting person gifted 12,355 shares (0.39% of those outstanding) on March 24, 2015. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F8This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. The reporting person gifted 24,355 shares (0.77% of those outstanding) on July 7, 2015. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F9This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. The reporting person gifted 7,242 shares (0.23% of those outstanding) on December 2, 2015. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.