FIRST SOUTHERN FUNDING LLC 4
4 · UTG INC · Filed Aug 30, 2011
Insider Transaction Report
Form 4
UTG INCUTGN.OB
FIRST SOUTHERN FUNDING LLC
10% Owner
Transactions
- Exercise of In-Money
Call Option (obligation to sell)
2011-08-26−100,000→ 0 total(indirect: See)Exercise: $10.00From: 2009-08-27Exp: 2011-08-27→ Common Stock (100,000 underlying)
Holdings
- 100,000(indirect: See)
Call Option (obligation to sell)
Exercise: $10.00From: 2009-08-27Exp: 2012-08-27→ Common Stock (100,000 underlying) - 341,997
Common Stock
- 1,277,716(indirect: By LLC)
Common Stock
Footnotes (1)
- [F1]By First Southern Holdings, LLC (FSH). On August 27, 2009, First Southern Bancorp, Inc. (FSB) and FSH, individually and collectively, granted call options under which a total of 200,000 shares of the Issuer's common stock could be purchased. Under the terms of the options, FSB and FSH, in their sole discretion, could determine the number of shares each of them would sell to the exercising optionee. On August 26, 2011, the holders of the options exercised the options with respect to a total of 100,000 shares of the Issuer's common stock and FSB and FSH transferred to Jesse T. Correll their respective obligations under the options with respect to the 100,000 shares exercised.