SEC Form 4 · accession 0001096906-15-000029
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Lynn Beckstead Jr.
Officer — VP Mortgage Operations · Director
Period of report
Dec 5, 2014
Accepted (ET)
Jan 7, 2015 · 6:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000318673
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $1.12 | Dec 2, 2011 | A | 5,209 | A | Mar 2, 2012 | Dec 2, 2021 | Class A Common Stock | 5,209 | 5,209 | D |
| Employee Stock Option (right to buy)F2 | $1.41 | Apr 13, 2012 | A | 9,923 | A | Jul 13, 2012 | Apr 13, 2022 | Class A Common Stock | 9,923 | 9,923 | D |
| Employee Stock Option (right to buy)F3 | $4.61 | Dec 6, 2013 | A | 1,575 | A | Mar 6, 2014 | Dec 6, 2023 | Class A Common Stock | 1,575 | 1,575 | D |
| Employee Stock Option (right to buy)F4 | $4.29 | Jul 2, 2014 | A | 1,500 | A | Oct 2, 2014 | Jul 2, 2024 | Class A Common Stock | 1,500 | 1,500 | D |
| Employee Stock Option (right to buy)F5 | $5.02 | Dec 5, 2014 | A | 3,000 | A | Mar 5, 2015 | Dec 5, 2024 | Class A Common Stock | 3,040 | 3,000 | D |
Explanation of responses
- F1This option was granted on December 2, 2011 as an option for 18,000 shares of Class A Common Stock at an exercise price of $1.30 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2012, February 1, 2013 and February 7, 2014. On November 30, 2012, the reporting person exercised part of these options to purchase 14,175 shares of Class A Common Stock.
- F2This option was granted on April 13, 2012 as an option for 18,000 shares of Class A Common Stock at an exercise price of $1.56 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013 and February 7, 2014. On November 30, 2012, the reporting person exercised part of these options to purchase 9,000 shares of Class A Common Stock.
- F3This option was granted on December 6, 2013 as an option for 1,500 shares of Class A common stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2014. This option vests in four equal quarterly installments of Class A common stock, beginning on March 6, 2014, until such shares are fully vested.
- F4This option was granted on July 2, 2014 as an option for 1,500 shares of Class A common stock at an exercise price of $4.29 per share. This option vests in four equal quarterly installments of Class A common stock, beginning on October 2, 2014, until such shares are fully vested.
- F5This option was granted on December 5, 2014 as an option for 3,000 shares of Class A common stock at an exercise price of $5.02 per share. This option vests in four equal quarterly installments of Class A common stock, beginning on March 5, 2015, until such shares are fully vested.