X0306 4 2022-02-15 1 0000701869 INDEPENDENCE HOLDING CO IHC 0001213778 HERBERT TERESA A 96 CUMMINGS POINT ROAD STAMFORD CT 06902 1 1 0 0 President Common Stock, $1.00 par value per share 2022-02-15 4 D 0 103134 57 D 0 D Employee Stock Option (Right to Buy) 37.38 2022-02-15 4 D 0 15766 D 2022-07-04 Common Stock 15766 0 D Disposed of pursuant to the Agreement and Plan of Merger, by and among Independence Holding Company, Geneve Holdings, Inc. and Geneve Acquisition Corp. dated November 9, 2021 (the "Merger Agreement"), on the effective date of the merger. The option provides for vesting in equal 1/3 installements on each of the first three annual anniversaries of the grant/transaction date. On the effective date of the merger, all outstanding stock options, whether vested or not then vested, were cancelled, extinguished and converted into the right to receive the excess of (x) the $57.00 merger consideration over (y) the exercise price of such stock option pursuant to the Merger Agreement. /s/Teresa A. Herbert 2022-02-16