SEC Form 4/A · accession 0001096906-18-000001
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Scott M Quist
Officer — Chairman of Board, Pres, CEO · Director · 10% Owner
Period of report
Apr 6, 2017
Accepted (ET)
Jan 2, 2018 · 2:58 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 Stock | Apr 6, 2017 | M | 127,629 | $1.31 | A | 998,889 | D | |
| Class C Common Stock | Apr 6, 2017 | F | 24,227 | $6.90 | D | 974,662 | D | |
| Class A Common StockF1,F2 | Apr 6, 2017 | F | 13,486 | $6.90 | D | 0 | D | |
| Class C Common StockF3,F4 | Apr 6, 2017 | F | 15,103 | $6.90 | D | 959,559 | 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)F5 | $1.31 | Apr 13, 2012 | M | 127,629 | D | Jul 13, 2012 | Apr 13, 2017 | Class C Common Stock | 127,629 | 0 | D |
| Employee Stock Option (right to buy)F6 | $4.32 | Dec 6, 2013 | A | 60,775 | A | Mar 6, 2014 | Dec 6, 2018 | Class C Common Stock | 60,775 | 60,775 | D |
| Employee Stock Option (right to buy)F7 | $4.05 | Jul 2, 2014 | A | 57,881 | A | Oct 2, 2014 | Jul 2, 2019 | Class C Common Stock | 57,881 | 57,881 | D |
| Employee Stock Option (right to buy)F8 | $4.73 | Dec 5, 2014 | A | 115,763 | A | Mar 5, 2015 | Dec 5, 2019 | Class C Common Stock | 115,763 | 115,763 | D |
| Employee Stock Option (right to buy)F9 | $6.67 | Dec 4, 2015 | A | 110,250 | A | Mar 4, 2016 | Dec 4, 2020 | Class C Common Stock | 110,250 | 110,250 | D |
| Employee Stock Option (right to buy)F10 | $7.34 | Dec 2, 2016 | A | 84,000 | A | Mar 2, 2017 | Dec 2, 2021 | Class C Common Stock | 84,000 | 84,000 | D |
| Employee Stock Option (right to buy)F11 | $5.56 | Dec 1, 2017 | A | 75,000 | A | Mar 1, 2018 | Dec 1, 2022 | Class A Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Private sale of 13,486 shares of Class A Common Stock to Security National Financial Corporation with proceeds from such sale to be used to pay the taxes owed by the reporting person as a result of the exercise of his stock options on April 6, 2017.
- F10This 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, 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.
- F11This option was granted on December 1, 2017 as an option for 75,000 shares of Class A Common Stock at an exercise price of $5.56 per share. The option vests in four quarterly installments of Class A Common Stock, beginning on March 1, 2018, until such shares are fully vested.
- F2Owned jointly by the reporting person and his wife. Does not include a total of 308,242 shares of Class A Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan.
- F3Private sale of 15,103 shares of Class C Common Stock to Security National Financial Corporation with proceeds from such sale to be used to pay the taxes owed by the reporting person as a result of the exercise of his stock options on April 6, 2017.
- F4Owned jointly by the reporting person and his wife. Does not include a total of 81,879 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.
- F5This 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, February 5, 2016 and February 3, 2017.
- F6This 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, February 5, 2016 and February 3, 2017.
- F7This 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, February 5, 2016 and February 3, 2017.
- F8This 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, February 5, 2016 and February 3, 2017.
- F9This 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 5% stock dividends paid on February 5, 2016 and February 3, 2017.