4//SEC Filing
Eliasberg James A. 4
Accession 0001209191-21-031585
CIK 0000024090other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 3:38 PM ET
Size
15.2 KB
Accession
0001209191-21-031585
Insider Transaction Report
Form 4
Eliasberg James A.
VP,CLO & Secretary
Transactions
- Tax Payment
Citizens, Inc. Class A Common Stock
2021-05-07$5.70/sh−1,920$10,944→ 39,009 total - Exercise/Conversion
Citizens, Inc. Class A Common Stock
2021-05-07+10,486→ 49,495 total - Exercise/Conversion
Restricted Stock Units
2021-05-07−7,883→ 0 total→ Class A Common Stock (7,883 underlying) - Exercise/Conversion
Citizens, Inc. Class A Common Stock
2021-05-07+7,883→ 40,929 total - Exercise/Conversion
Restricted Stock Units
2021-05-07−10,486→ 0 total→ Class A Common Stock (10,486 underlying) - Tax Payment
Citizens, Inc. Class A Common Stock
2021-05-07$5.70/sh−2,556$14,569→ 46,939 total
Footnotes (4)
- [F1]Represents shares of Citizens, Inc. Class A Common Stock issued upon accelerated vesting of Restricted Stock Units (RSUs) pursuant to the terms of the Separation and Release Agreement by and between the Reporting Person and Citizens, Inc. dated April 29, 2021 (the "Separation Agreement").
- [F2]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
- [F3]The RSUs were granted on January 29, 2021. The RSUs were scheduled to vest annually at a rate of 1/3 on each anniversary of the grant date. All of the unvested RSUs were accelerated on the Transaction Date pursuant to the terms of the Separation Agreement.
- [F4]The RSUs were granted on April 15, 2020. 1/2 of the RSUs previously vested on April 15, 2021 and the remaining 1/2 were scheduled to vest on April 15, 2022. All of the unvested RSUs were accelerated on the Transaction Date pursuant to the terms of the Separation Agreement.
Documents
Issuer
CITIZENS, INC.
CIK 0000024090
Entity typeother
Related Parties
1- filerCIK 0001497157
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 3:38 PM ET
- Size
- 15.2 KB