Osbourn Kay E 4
4 · CITIZENS INC · Filed Jan 25, 2019
Insider Transaction Report
Form 4
CITIZENS INCCIA
Osbourn Kay E
Vice President, Internal Audit
Transactions
- Award
Restricted Stock Units
2019-01-24+27,322→ 27,322 total→ Class A Common Stock (27,322 underlying)
Holdings
- 19,471
Restricted Stock Units
→ Class A Common Stock (19,471 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- [F2]Vesting is 100% on the first anniversary of the date of grant (January 24, 2020).
- [F3]Restricted stock units convert into Citizens, Inc. Class A common stock on a one-for-one basis.
- [F4]Vesting is 50% on the first anniversary of the date of the grant (February 15, 2019, and 50% on the second anniversary of the date of the grant (February 15, 2020)