SEC Form 4 · accession 0001096906-16-002119
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Scott M Quist
Officer — COB, President, CEO · Director · 10% Owner
Period of report
Oct 13, 2016
Accepted (ET)
Dec 27, 2016 · 6:15 pm EST
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 C Common StockF1 | Oct 13, 2016 | M | 127,629 | $1.12 | A | 852,425 | D | |
| Class C Common StockF1 | Oct 13, 2016 | F | 22,654 | $6.31 | D | 829,771 | 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)F2 | $1.12 | Dec 2, 2011 | M | 127,629 | D | Mar 2, 2012 | Dec 2, 2016 | Class C Common Stock | 127,629 | 0 | D |
| Employee Stock Option (right to buy)F3 | $1.38 | Apr 13, 2012 | A | 121,551 | A | Jul 13, 2012 | Apr 13, 2017 | Class C Common Stock | 121,551 | 121,551 | D |
| Employee Stock Option (right to buy)F4 | $4.55 | Dec 6, 2013 | A | 57,881 | A | Mar 6, 2014 | Dec 6, 2018 | Class C Common Stock | 57,881 | 57,881 | D |
| Employee Stock Option (right to buy)F5 | $4.26 | Jul 2, 2014 | A | 55,125 | A | Oct 2, 2014 | Jul 2, 2019 | Class C Common Stock | 55,125 | 55,125 | D |
| Employee Stock Option (right to buy)F6 | $4.98 | Dec 5, 2014 | A | 110,250 | A | Mar 5, 2015 | Dec 5, 2019 | Class C Common Stock | 110,250 | 110,250 | D |
| Employee Stock Option (right to buy)F7 | $7.02 | Dec 4, 2015 | A | 105,000 | A | Mar 4, 2016 | Dec 4, 2020 | Class C Common Stock | 105,000 | 105,000 | D |
| Employee Stock Option (right to buy)F8 | $7.73 | Dec 2, 2016 | A | 80,000 | A | Mar 2, 2017 | Dec 2, 2021 | Class C Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1Owned jointly by the reporting person and his wife. Does not include a total of 77,981 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, and Associated Investors.
- F2This 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 persons 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, February 6, 2015 and February 5, 2016.
- F3This 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, February 6, 2015 and February 5, 2016.
- F4This 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. 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, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015 and February 5, 2016.
- F5This 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 5% stock dividends paid on February 6, 2015 and February 5, 2016.
- F6This 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 5% stock dividends paid on February 6, 2015 and February 5, 2016.
- F7This option was granted on December 4, 2015 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $7.39 per share or 100,000 shares of Class C Common Stock at an exercise price of $7.39 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 $7.39 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 5, 2016. The option vests in four quarterly installments of Class C Common Stock, beginning on March 4, 2016, until such shares are fully vested.
- F8This option was granted on December 2, 2016 as an option for either 80,000 shares of Class A Common Stock at an exercise price of $7.73 per share or 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share, or any combination thereof. This option reflects the reporting person s election to have an option for 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 2, 2017, until such shares are fully vested.