SEC Form 4 · accession 0001096906-19-000002
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Russell Stephens
Officer — Sr. Gen Council; Corp Sec
Period of report
Nov 30, 2018
Accepted (ET)
Jan 2, 2019 · 12:12 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 | $1.15 | Apr 13, 2012 | A | 3,351 | A | Jul 13, 2012 | Apr 13, 2022 | Class A Common Stock | 3,351 | 3,351 | D |
| Employee Stock Option (right to buy)F2 | $3.75 | Dec 6, 2013 | A | 3,191 | A | Mar 6, 2014 | Dec 6, 2023 | Class A Common Stock | 3,191 | 3,191 | D |
| Employee Stock Option (right to buy)F3 | $3.51 | Jul 2, 2014 | A | 3,039 | A | Oct 2, 2014 | Jul 2, 2024 | Class A Common Stock | 3,039 | 3,039 | D |
| Employee Stock Option (right to buy)F4 | $4.09 | Dec 5, 2014 | A | 6,078 | A | Mar 5, 2015 | Dec 5, 2024 | Class A Common Stock | 6,078 | 6,078 | D |
| Employee Stock Option (right to buy)F5 | $5.76 | Dec 4, 2015 | A | 5,789 | A | Mar 4, 2016 | Dec 4, 2025 | Class A Common Stock | 5,789 | 5,789 | D |
| Employee Stock Option (right to buy)F6 | $6.35 | Dec 2, 2016 | A | 5,513 | A | Mar 2, 2017 | Dec 2, 2026 | Class A Common Stock | 5,513 | 5,513 | D |
| Employee Stock Option (right to buy)F7 | $4.80 | Dec 1, 2017 | A | 5,250 | A | Mar 1, 2018 | Dec 1, 2027 | Class A Common Stock | 5,250 | 5,250 | D |
| Employee Stock Option (right to buy)F8 | $5.52 | Nov 30, 2018 | A | 7,500 | A | Feb 28, 2019 | Nov 30, 2028 | Class A Common Stock | 7,500 | 7,500 | 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, February 6, 2015, February 5, 2016, February 3, 2017, and February 2, 2018. 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, February 6, 2015, February 5, 2016, February 3, 2017, and February 2, 2018.
- 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 5% stock dividends paid on February 6, 2015, February 5, 2016, February 3, 2017, and February 2, 2018.
- 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 5% stock dividends paid on February 5, 2016, February 3, 2017, and February 2, 2018.
- 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, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, and February 2, 2018.
- F6This option was granted on December 2, 2016 as an option for 5,000 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 5% stock dividends paid on February 3, 2017 and February 2, 2018.
- F7This option was granted on December 1, 2017 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.05 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 2, 2018. This option is fully vested on December 1, 2018.
- F8This option was granted on November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share. This option vests in four equal quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested.