SEC Form 4 · accession 0001096906-18-000040

SECURITY NATIONAL FINANCIAL CORP · SNFCA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

S. Andrew Quist

Officer — VP; Assoc. Gen. Counsel · Director

Period of report

Jan 12, 2018

Accepted (ET)

Jan 24, 2018 · 5:09 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 A Common Stock^F1	Jan 12, 2018	M	20,102	$0.96	A	22,634	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	$0.96	Dec 2, 2011	M	20,102	D	Mar 2, 2012	Dec 2, 2021	Class A Common Stock	20,102	0	D
Employee Stock Option (right to buy)^F3	$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)^F4	$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)^F5	$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)^F6	$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)^F7	$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)^F8	$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)^F9	$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

F1Does not include 47,525 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Plan.
F2This 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.
F3This option was granted on April 13, 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.
F4This 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.
F5This 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.
F6This 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.
F7This 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.
F8This 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.
F9This 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 person's 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.