CORRELL WARD F 4
4 · UTG INC · Filed Feb 15, 2011
Insider Transaction Report
Form 4
UTG INCUTGN.OB
CORRELL WARD F
Director10% Owner
Transactions
- Other
Common Stock
2011-02-14+4,408→ 11,405 total
Holdings
- 257,501(indirect: by Cumberland Lake Shell, Inc.)
Common Stock
Footnotes (2)
- [F1]The reporting person received 4,408 shares of the Issuer's common stock in exchange for the reporting person's release of certain rights under a stock restriction and buy-sell agreement.
- [F2]Includes 158,978 shares of Issuer common stock received by Cumberland Lake Shell, Inc. as a result of a pro rata liquidating distribution by First Southern Capital Corp. LLC, of which Cumberland Lake Shell, Inc. was a member. Mr. Correll hereby disclaims beneficial ownership of the shares of common stock of Issuer held by Cumberland Lake Shell, Inc. except to the extent of his pecuniary interest therein.