Key facts
- This page summarizes James A. Eliasberg's Form 4 filing for CITIZENS, INC. (CIA).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 11 May 2021, 15:38.
James A. Eliasberg - 07 May 2021 Form 4 Insider Report for CITIZENS, INC. (CIA)
- Reporting relationship
- Former VP, Chief Legal Officer
- Issuer ticker
- CIA
- Reported as of
- 07 May 2021
- Net transaction value
- -$25,513
- Reporting owner signature
- /s/ Jeffery P. Conklin, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
James A. Eliasberg filed Form 4 for CITIZENS, INC. (CIA) on 11 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$25,513.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CIA
transaction
Citizens, Inc. Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +7,883
- Change %
- +24%
- Price
- Shares after
- 40,929
- Date
- 07 May 2021
- Ownership
- Direct
- Footnotes
- F1, F2
CIA
transaction
Citizens, Inc. Class A Common Stock
Tax liability
- Transaction value
- $10,944
- Shares
- -1,920
- Change %
- -4.7%
- Price
- $5.70
- Shares after
- 39,009
- Date
- 07 May 2021
- Ownership
- Direct
CIA
transaction
Citizens, Inc. Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +10,486
- Change %
- +27%
- Price
- Shares after
- 49,495
- Date
- 07 May 2021
- Ownership
- Direct
- Footnotes
- F1, F2
CIA
transaction
Citizens, Inc. Class A Common Stock
Tax liability
- Transaction value
- $14,569
- Shares
- -2,556
- Change %
- -5.2%
- Price
- $5.70
- Shares after
- 46,939
- Date
- 07 May 2021
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CIA
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -10,486
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 07 May 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 10,486
- Exercise price
- Footnotes
- F2, F3
CIA
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -7,883
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 07 May 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 7,883
- Exercise price
- Footnotes
- F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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").
Footnote F2
Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
Footnote 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.
Footnote 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.
SEC remarks
The Reporting Person resigned from Citizens Inc. effective April 30, 2021. As a result, the Reporting Person is no longer subject to Section 16 in connection with his transactions in the equity securities of Citizens, Inc. and, therefore, will no longer report any such transactions on Form 4 or Form 5.