Edgar Filing: GENEVE HOLDINGS INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GENEVE HOLDINGS INC

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENCE HOLDING CO [IHC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

96 CUMMINGS POINT RD

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2012

(Street)

STAMFORD, CT 06902

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/29/2012		P		61	A	$ 8.68	9,137,953 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/29/2012		P		285	A	$ 8.69	9,138,238 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/29/2012		P		201	A	$ 8.7	9,138,439 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		694	A	$ 8.75	9,139,133 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		400	A	$ 8.76	9,139,533 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		372	A	$ 8.83	9,139,905 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		304	A	$ 8.84	9,140,209 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		2,175	A	$ 8.85	9,142,384 ⁽²⁾	I	See footnote ⁽¹⁾
Common Stock	05/30/2012		P		100	A	$ 8.77	9,142,484 ⁽²⁾	I	See footnote ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GENEVE HOLDINGS INC 96 CUMMINGS POINT RD STAMFORD, CT 06902		X

Signatures

Geneve Holdings, Inc., By: H. William Smith, Secretary		05/31/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The Reporting Person is the designated filer for its subsidiary companies listed on Appendix A which constitutes a group for purposes of Section 13(d) of the Exchange Act. The Reporting Person and each of the companies listed on Appendix A manage their respective investment portfolios.
(2)	On February 17, 2012, the Issuer paid a 10% stock dividend on its outstanding shares of Common Stock. As a result of such dividend, the Reporting Person received 830,717 shares of Common Stock.
Remarks: Appendix A Joint Filer Information No. of Shares Owned Directly SMH Associates Corp. 3,554,367 SIC Securities Corp. 1,984,592 Argent Investors Management Corporation 3,603,525 Total 9,142,484 The address of the joint filers is 96 Cummings Point Road, Stamford, CT 06902.

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