SEC Form 5 · accession 0001140361-17-007080

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, 2016

Accepted (ET)

Feb 14, 2017 · 2:54 pm 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 Stock^F1,F2	Jan 1, 2016	G	2,052	$0.00	D	341,997	I	By First Southern Funding, LLC
Common Stock^F1,F3	Dec 31, 2016	G	614	$0.00	D	341,997	I	By First Southern Funding, LLC
Common Stock^F5,F6	Jan 21, 2016	G	34	$0.00	D	204,909	I	By First Southern Bancorp, Inc.
Common Stock^F5,F7	Mar 22, 2016	G	607	$0.00	D	204,909	I	By First Southern Bancorp, Inc.
Common Stock^F5,F8	Aug 10, 2016	G	615	$0.00	D	204,909	I	By First Southern Bancorp, Inc.
Common Stock^F5,F9	Dec 30, 2016	G	158	$0.00	D	204,909	I	By First Southern Bancorp, Inc.
Common Stock^F4	holding	—	—		—	72,750	I	By WCorrell Limited Partnership
Common Stock^F10	holding	—	—		—	1,201,876	I	By First Southern Holdings, LLC
Common Stock	holding	—	—		—	42,942	D
Common Stock^F11	holding	—	—		—	13,558	I	Estate of Ward Correll

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.
F11The reporting person is co-executor of the Estate of Ward F. Correll. Includes 234 shares issued as directors compensation to the Estate on December 22, 2016. 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, 2016, the reporting person gifted membership units representing 0.60% 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 December 31, 2016, the reporting person gifted membership units representing 0.18% 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 1,340 shares (0.02% of those outstanding) on January 21, 2016. 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 23,624 shares (0.30% of those outstanding) on March 22, 2016. 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 23,000 shares (0.30% of those outstanding) on August 10, 2016. 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 6,000 shares (0.08% of those outstanding) on December 30, 2016. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.