Ronald I. Simon - Feb 15, 2022 Form 4 Insider Report for INDEPENDENCE HOLDING CO (IHC)

Role: Director
Signature: /s/ Ronald I. Simon
Stock symbol: IHC
Transactions as of: Feb 15, 2022
Transactions value $: -$2,869,950
Form type: 4
Date filed: 2/16/2022, 09:16 AM
Previous filing: Feb 9, 2022
Next filing: Sep 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IHC	Common Stock, $1.00 par value per share	Disposed to Issuer	-$456K	-8K	-100%	$57.00	0	Feb 15, 2022	Direct	F1
transaction	IHC	Common Stock, $1.00 par value per share	Disposed to Issuer	-$2.02M	-35.4K	-100%	$57.00	0	Feb 15, 2022	By Simon Family Trust	F1
transaction	IHC	Common Stock, $1.00 par value per share	Disposed to Issuer	-$114K	-2K	-100%	$57.00	0	Feb 15, 2022	By Wife	F1, F2
transaction	IHC	Common Stock, $1.00 par value per share	Disposed to Issuer	-$282K	-4.95K	-100%	$57.00	0	Feb 15, 2022	Direct	F1, F3

Showing 1 to 4 of 4 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ronald I. Simon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the "Merger Agreement"), on the effective date of the merger.
F2	The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purpoes of Section 16 or for any other purpose.
F3	On the effective date of the merger, each outstanding restricted stock unit (RSU), whether vested or not then vested, was cancelled, extinguished and converted into the right to receive the $57.00 merger consideration pursuant to the Merger Agreement.