X0303 4 2008-07-17 1 0000035733 FINANCIAL INDUSTRIES CORP FNIN 0001261754 LONG R KEITH 400 ROYAL PALM WAY SUITE 212 PALM BEACH FL 33480 1 0 0 0 Common Stock 2008-07-17 4 J 0 574437 7.25 D 0 I Footnote Common Stock 2008-07-17 4 J 0 17937 7.25 D 0 D Stock Options 6.00 2008-07-17 4 M 0 25000 1.25 D 2008-07-17 2017-07-02 Common Stock 25000 0 D Disposition pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 14, 2008 and amended as of February 20, 2008, between Financial Industries Corporation, Americo Life, Inc., and Americo Acquisition Corp. The indirect ownership of the shares in the table includes 356,592 shares owned by Otter Creek International, Ltd. ("OCI"), and 217,845 shares owned by Otter Creek Partners I, L.P. ("OCP"). Mr. Long is the sole director and sole shareholder of Otter Creek Management, Inc., which is the sole general partner of OCP and investment advisor of OCI and OCP. Mr. Long disclaims beneficial ownership of the shares owned by OCI and OCP for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. One-third of these options vested on July 2, 2008, and the remaining options vested on July 17, 2008, upon the consummation of the merger pursuant to the Merger Agreement. /s/ R. Keith Long 2008-07-17