X0306 4 2014-03-28 0 0000832480 UTG INC UTG.OB 0001064892 CORRELL JESSE T FIRST SOUTHERN BANCORP P. O. BOX 328 STANFORD KY 40484 1 1 1 0 Chairman & CEO Common Stock 341997 I By First Southern Funding, LLC Common Stock 72750 I By WCorrell Limited Partnership Common Stock 2014-03-28 4 S 0 7807 D 204909 I By First Southern Bancorp, Inc. Common Stock 1201876 I By First Southern Holdings, LLC Common Stock 32625 D 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. 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. 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. This transaction is being reported to reflect a sale of First Southern Bancorp, Inc. shares by the reporting person. The reporting person sold 130,515 shares (3.81% of those outstanding) at a price of $38.31 per First Southern Bancorp, Inc. share on March 28, 2014. The shares of UTG, Inc. reported as sold represent 3.81% 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. The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See notes (3) and (4). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Jill Martin, Attorney-in-Fact 2014-04-01