4//SEC Filing
CORRELL JESSE T 4
Accession 0001567619-22-000287
CIK 0000832480other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:17 PM ET
Size
12.3 KB
Accession
0001567619-22-000287
Insider Transaction Report
Form 4
UTG INCUTGN
CORRELL JESSE T
DirectorChairman & CEO10% Owner
Transactions
- Gift
Common Stock
2021-07-21−1,039→ 204,909 total(indirect: By First Southern Bancorp, Inc.) - Gift
Common Stock
2021-07-21−19→ 54,803 total - Sale
Common Stock
2021-12-31−701→ 204,909 total(indirect: By First Southern Bancorp, Inc.)
Holdings
- 1,201,876(indirect: By LLC)
Common Stock
- 400,000(indirect: By LLC)
Common Stock
- 72,750(indirect: By Partnership)
Common Stock
Footnotes (6)
- [F1]The 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.
- [F2]The 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.
- [F3]The 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.
- [F4]This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. On July 21, 2021 the reporting person gifted 14,881 shares (0.51% of those outstanding) of First Southern Bancorp, Inc. The shares of UTG, Inc. reported as gifted represent 0.51% of the UTG shares owned by First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]This transaction is being reported to reflect sales of First Southern Bancorp, Inc. shares by the reporting person. On December 31, 2021 the reporting person sold 24,670 shares (0.84% of those outstanding) at a price of $68.91 per First Southern Bancorp, Inc. share, decreasing his percentage ownership of First Southern Bancorp, Inc. by 0.34%. The shares of UTG, Inc. reported as sold represent 0.34% of the UTG shares owned by First Southern Bancorp, Inc. No separate price was stated for those shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F6]The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Documents
Issuer
UTG INC
CIK 0000832480
Entity typeother
Related Parties
1- filerCIK 0001064892
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:17 PM ET
- Size
- 12.3 KB