X0303 4/A 2008-12-31 2009-01-05 0 0000832480 UTG INC UTGN.OB 0001064892 CORRELL JESSE T FIRST SOUTHERN BANCORP P. O. BOX 328 STANFORD KY 40484 1 1 1 0 Chairman & CEO Common Stock 335453 I See Footnote Common Stock 72750 I See Footnote Common Stock 2008-04-14 4 G 0 567 0 D 255281 I See Footnote Common Stock 2008-07-15 4 G 0 883 0 D 255281 I See Footnote Common Stock 2008-12-31 4 S 0 6212 11.50 D 249069 I See Footnote Common Stock 2008-12-31 4 G 0 7 0 D 249069 I See Footnote Common Stock 5604 I See Footnote Common Stock 2008-12-31 4 S 0 124075 11.50 D 1359716 I See Footnote Common Stock 2009-01-02 4 S 0 2000 11.50 D 1357716 I See Footnote Common Stock 112704 D The reported securities are held by First Southern Funding, LLC, ("FSF") of which the reporting person is President and manager. By WCorrell, Limited Partnership of which the reporting person is the managing general partner. The reported securities are held by First Southern Bancorp, Inc., of which the reporting person is Chairman and President. These transactions are being reported to reflect gifts of First Southern Bancorp, Inc. shares by the reporting person. On April 14, 2008, the reporting person gifted 21,414 shares of First Southern Bancorp, Inc. voting common stock, on July 15, 2008 the reporting person gifted 31,646 shares of First Southern Bancorp, Inc., and on December 31, 2008 the reporting person gifted 102 shares of First Southern Bancorp, Inc. voting common stock. By First Southern Capital Corp., LLC (indirect ownership is reported based on direct and indirect percentage ownership by the reporting person in First Southern Capital Corp., LLC. The amount of securities beneficially owned has changed from the reporting person's prior Form 5 as a result of a nonvolitonal change in the reporting person's membership interest in First Southern Capital, LLC). This amendment increases the number of previously reporting shares from 5,601 to 5,604. The change resulted from a rounding error. By First Southern Holdings, LLC, of which the reporting person is the President. /s/ Jesse T. Correll 2009-01-16