FIRST SOUTHERN HOLDINGS LLC 4
4 · UTG INC · Filed Aug 29, 2012
Insider Transaction Report
Form 4
UTG INCUTGN
FIRST SOUTHERN HOLDINGS LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2012-08-27$10.00/sh−75,840$758,400→ 1,201,876 total - Exercise of In-Money
Call Option (obligations to sell)
2012-08-27−100,000→ 0 totalExercise: $10.00From: 2009-08-27Exp: 2012-08-27→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]On August 27, 2009, First Southern Bancorp, Inc. (FSB) and First Southern Holdings, LLC (FSH), individually and collectively, granted call options under which a total of 200,000 shares of the Issuer's common stock could be purchased. Under the terms of the options, FSB and FSH, in their sole discretion, could determine the number of shares each of them would sell to the exercising optionee. On August 26, 2011, the holders of the options exercised the options with respect to a total of 100,000 shares of the Issuer's common stock. On August 27, 2012, the holders of the options exercised the remaining options with respect to a total of 100,000 shares of the Issuer's common stock which consisted of 75,840 shares from FSH and 24,160 shares from FSB.