SEC Form 4 · accession 0001096906-15-001304
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Russell Stephens
Officer — General Counsel and Corp. Sec.
Period of report
Dec 4, 2015
Accepted (ET)
Dec 30, 2015 · 12:16 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 | $1.34 | Apr 13, 2012 | A | 2,894 | A | Jul 13, 2012 | Apr 13, 2022 | Class A Common Stock | 2,894 | 2,894 | D |
| Employee Stock Option (right to buy)F2 | $4.38 | Dec 6, 2013 | A | 2,756 | A | Mar 6, 2014 | Dec 6, 2023 | Class A Common Stock | 2,756 | 2,756 | D |
| Employee Stock Option (right to buy)F3 | $4.08 | Jul 2, 2014 | A | 2,625 | A | Oct 2, 2014 | Jul 2, 2024 | Class A Common Stock | 2,625 | 2,625 | D |
| Employee Stock Option (right to buy)F4 | $4.77 | Dec 5, 2014 | A | 5,250 | A | Mar 5, 2015 | Dec 5, 2024 | Class A Common Stock | 5,250 | 5,250 | D |
| Employee Stock Option (right to buy)F5 | $6.72 | Dec 4, 2015 | A | 5,000 | A | Mar 4, 2016 | Dec 4, 2025 | Class A Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1This option was granted on April 13, 2012 as an option for 5,000 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, February 7, 2014 and February 6, 2015. On December 4, 2012, the reporting person exercised part of these options to purchase 2,500 shares of Class A Common Stock.
- F2This option was granted on December 6, 2013 as an option for 2,500 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 2013 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014 and February 6, 2015.
- F3This option was granted on July 2, 2014 as an option for 2,500 shares of Class A Common Stock at an exercise price of $4.29 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.
- F4This option was granted on December 5, 2014 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.02 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.
- F5This option was granted on December 4, 2015 as an option for 5,000 shares of Class A Common Stock at an exercise price of $6.72 per share. This option vests in four equal quarterly installments of Class A common Stock, beginning on March 4, 2016, until such shares are fully vested.