SEC Form 4 · accession 0001096906-15-000490
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott M Quist
Officer — Chairman of Board;Pres.;CEO · Director · 10% Owner
Period of report
Feb 18, 2015
Accepted (ET)
May 7, 2015 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000318673
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | Feb 6, 2015 | J | 6,298 | $5.02 | A | 132,251 | D | |
| Class A Common StockF2 | Feb 6, 2015 | J | 21,363 | $5.02 | A | 448,630 | D | |
| Class A Common StockF2 | Feb 18, 2015 | M | 114,023 | $2.14 | A | 562,653 | D | |
| Class A Common StockF2 | Feb 18, 2015 | F | 40,736 | $5.99 | D | 91,515 | D |
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)F3 | $2.14 | Mar 25, 2005 | M | 114,023 | D | Mar 25, 2005 | Mar 25, 2015 | Class C Common Stock | 114,023 | 0 | D |
| Employee Stock Option (right to buy)F4 | $1.55 | Dec 3, 2010 | A | 127,629 | A | Mar 3, 2011 | Dec 3, 2015 | Class C Common Stock | 127,629 | 127,629 | D |
| Employee Stock Option (right to buy)F5 | $1.18 | Dec 2, 2011 | A | 121,551 | A | Mar 2, 2012 | Dec 2, 2016 | Class CCommon Stock | 121,551 | 121,551 | D |
| Employee Stock Option (right to buy)F6 | $1.45 | Apr 13, 2012 | A | 115,763 | A | Jul 13, 2012 | Apr 13, 2017 | Class C Common Stock | 115,763 | 115,763 | D |
| Employee Stock Option (right to buy)F7 | $4.79 | Dec 6, 2013 | A | 55,125 | A | Mar 6, 2014 | Dec 6, 2018 | Class C Common Stock | 55,125 | 55,125 | D |
| Employee Stock Option (right to buy)F8 | $4.48 | Jul 2, 2014 | A | 52,500 | A | Oct 2, 2014 | Jul 2, 2019 | Class C Common Stock | 52,500 | 52,500 | D |
| Employee Stock Option (right to buy)F9 | $5.24 | Dec 5, 2014 | A | 105,000 | A | Mar 5, 2015 | Dec 5, 2019 | Class C Common Stock | 105,000 | 105,000 | D |
Explanation of responses
- F1Received pursuant to stock option paid on February 6, 2015.
- F2Owned jointly by the reporting person and his wife. Does not include a total of 269,835 shares of Class A Common Stock and 38,419 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, the Deferred Compensation Plan and Associated Investors.
- F3This option was originally granted on March 25, 2005 as an option for either 70,000 shares of Class A Common Stock at an exercise price of $4.24 per share or 70,000 shares of Class C Common Stock at an exercise price of $4.24 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 70,000 shares of Class C Common Stock at an exercise price of $4.24 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014 and February 6, 2015.
- F4This option was originally granted on December 3, 2010 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $2.01 per share or 100,000 shares of Class C Common Stock at an exercise price of $2.01 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $2.01 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014 and February 6, 2015.
- F5This option was granted on December 2, 2011 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share or 100,000 shares of Class C Common Stock at an exercise price of $1.43 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $1.43 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, February 7, 2014 and February 6, 2015.
- F6This option was granted on April 13, 2012 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.34 per share or 100,000 shares of Class C Common Stock at an exercise price of $1.34 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $1.34 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, February 7, 2014 and February 6, 2015.
- F7This option was granted on December 6, 2013 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $5.34 per share or 50,000 shares of Class C Common Stock at an exercise price of $5.34 per share, or any combination thereof, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014 and February 6, 2015. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $5.34 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 6, 2014, until such shares are fully vested.
- F8This option was granted on July 2, 2014 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.72 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.72 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $4.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. The option vests in four quarterly installments of Class C Common Stock, beginning on October 2, 2014, until such shares are fully vested.
- F9This option was granted on December 5, 2014 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 100,000 shares of Class C Common Stock at an exercise price of $5.52 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of 5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. The option vests in four quarterly installments of Class C Common Stock, beginning on March 5, 2015, until such shares are fully vested.