SEC Form 5 · accession 0001140361-18-007707

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, 2017

Accepted (ET)

Feb 14, 2018 · 11:19 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 Stock^F1,F2	Jan 1, 2017	G	1,242	$0.00	D	346,032	I	By First Southern Funding, LLC
Common Stock^F1,F3	Dec 8, 2017	G	1,350	$0.00	D	346,032	I	By First Southern Funding, LLC
Common Stock^F1,F4	Dec 31, 2017	G	5,200	$0.00	D	346,032	I	By First Southern Funding, LLC
Common Stock^F6,F7	Apr 24, 2017	G	589	$0.00	D	204,909	I	By First Southern Bancorp, Inc.
Common Stock	holding	—	—		—	54,827	D
Common Stock^F5	holding	—	—		—	72,750	I	By WCorrell, Limited Partnership
Common Stock^F8	holding	—	—		—	1,201,876	I	By First Southern Holdings, LLC
Common Stock^F9	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.
F2This transaction is being reported to reflect gifts of First Southern Funding, LLC membership interest by the reporting person. On January 1, 2017, the reporting person gifted membership units representing 0.36% 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 8, 2017, the reporting person gifted membership units representing 0.39% 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.
F4This transaction is being reported to reflect gifts of First Southern Funding, LLC membership interest by the reporting person. On December 31, 2017, the reporting person gifted membership units representing 1.50% 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.
F5The 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.
F6The 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.
F7This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. The reporting person gifted 22,257 shares (0.29% of those outstanding) on April 24, 2017. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F8The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See footnote 6. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F9The reporting person is Co-Executor of the Estate of Ward F. Correll. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.