SEC Form 4 · accession 0001096906-17-000791
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S. Andrew Quist
Officer — VP & Associate Gen. Counsel · Director
Period of report
Dec 1, 2017
Accepted (ET)
Dec 14, 2017 · 10:01 am 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 | $0.96 | Dec 2, 2011 | A | 20,012 | A | Mar 2, 2012 | Dec 2, 2021 | Class A Common Stock | 20,012 | 20,012 | D |
| Employee Stock Option (right to buy)F2 | $1.21 | Apr 13, 2012 | A | 19,145 | A | Jul 13, 2012 | Apr 13, 2022 | Class A Common Stock | 19,145 | 19,145 | D |
| Employee Stock Option (right to buy)F3 | $3.95 | Dec 6, 2013 | A | 12,155 | A | Mar 6, 2014 | Dec 6, 2023 | Class A Common Stock | 12,155 | 12,155 | D |
| Employee Stock Option (right to buy)F4 | $3.69 | Jul 2, 2014 | A | 11,576 | A | Oct 2, 2014 | Jul 2, 2024 | Class A Common Stock | 11,576 | 11,576 | D |
| Employee Stock Option (right to buy)F5 | $4.30 | Dec 5, 2014 | A | 23,153 | A | Mar 5, 2015 | Dec 5, 2024 | Class A Common Stock | 23,153 | 23,153 | D |
| Employee Stock Option (right to buy)F6 | $6.06 | Dec 4, 2015 | A | 22,050 | A | Mar 4, 2016 | Dec 4, 2025 | Class A Common Stock | 22,050 | 22,050 | D |
| Employee Stock Option (right to buy)F7 | $6.68 | Dec 2, 2016 | A | 21,000 | A | Mar 2, 2017 | Dec 2, 2026 | Class A Common Stock | 21,000 | 21,000 | D |
| Employee Stock Option (right to buy)F8 | $5.05 | Dec 1, 2017 | A | 20,000 | A | Mar 1, 2018 | Dec 1, 2027 | Class C Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1This option was granted on December 2, 2011 as an option for 15,000 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, February 7, 2014, February 6, 2015, February 5, 2016 and February 3, 2017.
- F2This option was granted on April 14, 2012 as an option for 15,000 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, February 6, 2015, February 5, 2016 and February 3, 2017.
- F3This option was granted on December 6, 2013 as an option for 10,000 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 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016 and February 3, 2017.
- F4This option was granted on July 2, 2014 as an option for 10,000 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 5% stock dividends paid on February 6, 2015, February 5, 2016 and February 3, 2017.
- F5This option was granted on December 5, 2014 as an option for 20,000 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 5% stock dividends paid on February 6, 2015, February 5, 2016 and February 3, 2017.
- F6This option was granted on December 4, 2015 as an option for 20,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016 and February 3, 2017.
- F7This option was granted on December 2, 2016 as an option for 20,000 shares of Class A Common Stock at an exercise price of $7.03 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 3, 2017.
- F8This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 20,000 shares of Class C Common Stock at an exercise price of $5.05 per share, or any combination thereof. This option reflects the reporting persons election to have an option for 20,000 shares of Class C Common Stock at an exercise price of $5.05 per share. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 1, 2018, until such shares are fully vested.