SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
STUCKERT JAMES W
(Last) (First) (Middle)
500 W. JEFFERSON STREET
(Street)
LOUISVILLE KY 40202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VHGI HOLDINGS, INC. [ VHGI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/28/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/28/2010 P 70,000 A $0.1233 70,000 I James W. Stuckert - IRA
Common Stock 06/29/2010 P 4,600 A $0.1109 74,600 I James W. Stuckert - IRA
Common Stock 06/30/2010 P 5,400 A $0.127 80,000 I James W. Stuckert - IRA
Common Stock 07/02/2010 P 5,000 A $0.1078 85,000 I James W. Stuckert - IRA
Common Stock 07/07/2010 P 22,500 A $0.1088 107,500 I James W. Stuckert - IRA
Common Stock 07/09/2010 P 2,500 A $0.1206 110,000 I James W. Stuckert - IRA
Common Stock 07/13/2010 P 20,000 A $0.1096 130,000 I James W. Stuckert - IRA
Common Stock 07/14/2010 P 16,610 A $0.1102 146,610 I James W. Stuckert - IRA
Common Stock 07/16/2010 P 13,390 A $0.1463 160,000 I James W. Stuckert - IRA
Common Stock 07/21/2010 P 20,000 A $0.1346 180,000 I James W. Stuckert - IRA
Common Stock 07/22/2010 P 4,300 A $0.134 184,300 I James W. Stuckert - IRA
Common Stock 07/26/2010 P 15,700 A $0.1657 200,000 I James W. Stuckert - IRA
Common Stock 07/27/2010 P 13,801 A $0.1361 213,801 I James W. Stuckert - IRA
Common Stock 07/28/2010 P 6,199 A $0.1429 220,000 I James W. Stuckert - IRA
Common Stock 07/27/2010 P 30,000 A $0.1345 160,000 I Ten Grand, Ltd
Common Stock 11/15/2010 P 1,401 A $0.1171 161,401 I Ten Grand, Ltd
Common Stock 11/16/2010 P 13,599 A $0.1031 175,000 I Ten Grand, Ltd
Common Stock 07/14/2010 P 25,000 A $0.1294 225,000 I James W. Stuckert - IRA
Common Stock 09/29/2010 P 20,000 A $0.0992 245,000 I James W. Stuckert - IRA
Common Stock 10/29/2010 P 5,000 A $0.1178 250,000 I James W. Stuckert - IRA
Common Stock 11/02/2010 P 5,000 A $0.1078 255,000 I James W. Stuckert - IRA
Common Stock 11/03/2010 P 1,000 A $0.139 256,000 I James W. Stuckert - IRA
Common Stock 11/05/2010 P 20,001 A $0.1029 276,001 I James W. Stuckert - IRA
Common Stock 11/08/2010 P 5,000 A $0.1048 281,001 I James W. Stuckert - IRA
Common Stock 11/09/2010 P 15,400 A $0.103 296,401 I James W. Stuckert - IRA
Common Stock 11/15/2010 P 3,599 A $0.1066 300,000 I James W. Stuckert - IRA
Common Stock 11/22/2010 P 10,000 A $0.0921 310,000 I James W. Stuckert - IRA
Common Stock 11/24/2010 P 90,000 A $0.0878 400,000 I James W. Stuckert - IRA
Common Stock 11/30/2010 P 16,400 A $0.0845 416,400 I James W. Stuckert - IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Remarks:
JAMES W. STUCKERT 12/02/2010
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.