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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(Print or Type Responses)

1. Name and Address of Reporting Person * Cheliotis Kostas   2. Issuer Name and Ticker or Trading Symbol Fidelity & Guaranty Life [FGL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1001 FLEET STREET, 6TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 12/01/2014 (Street) BALTIMORE, MD 21202 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) Code V Amount (A) or (D) Price Common Stock 12/01/2014   A   2,562 (1) A $ 0 63,337 (2) D

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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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy) (3)

$ 24.87

12/01/2014

A

2,205

(4)

12/01/2021

Common Stock

2,205

$ 0

2,205

D

Stock Option (right to buy)

$ 17

(5)

12/12/2020

Common Stock

3,408

3,408

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cheliotis Kostas 1001 FLEET STREET, 6TH FLOOR BALTIMORE, MD 21202	X

Signatures

/s/ Isabelle Aragon, Attorney-in-fact		12/03/2014
**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)	Represents a grant of restricted stock under the Issuer's 2013 Stock Incentive Plan (the "Omnibus Plan") to occur on the date as of which the Issuer obtains stockholder approval of an amendment to the Omnibus Plan. The restricted stock grant will vest in three equal annual installments on December 1, 2015, 2016 and 2017.
(2)	Includes restricted stock.
(3)	Stock option granted pursuant to the Omnibus Plan to occur on the date as of which the Issuer obtains stockholder approval of an amendment to the Omnibus Plan.
(4)	The option vests in three equal annual installments on December 1, 2015, 2016 and 2017, subject to continued service through such date.
(5)	The option vests in three equal annual installments on December 12, 2014, 2015 and 2016, subject to continued service through such date.
Remarks: Mr. Cheliotis is an officer and shareholder of Harbinger Group Inc., which is the parent corporation of the Issuer. Harbinger Group Inc. owns 47,000,000 shares of common stock. Mr. Cheliotis disclaims beneficial ownership of all common shares of the Issuer owned by Harbinger Group Inc. and this filing shall not be deemed an admission that Mr. Cheliotis is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

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