SEC Form 4 · accession 0001096906-19-000030
SECURITY NATIONAL FINANCIAL CORP · SNFCA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott M Quist
Officer — Chrmn of Board; Pres; CEO · Director · 10% Owner
Period of report
Nov 30, 2018
Accepted (ET)
Jan 22, 2019 · 3:42 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 | $4.10 | Dec 6, 2013 | A | 63,814 | A | Mar 6, 2014 | Dec 6, 2018 | Class C Common Stock | 63,814 | 63,814 | D |
| Employee Stock Option (right to buy)F2 | $3.85 | Jul 2, 2014 | A | 60,775 | A | Oct 2, 2014 | Jul 2, 2019 | Class C Common Stock | 60,775 | 60,775 | D |
| Employee Stock Option (right to buy)F3 | $4.49 | Dec 5, 2014 | A | 121,551 | A | Mar 5, 2015 | Dec 5, 2019 | Class C Common Stock | 121,551 | 121,551 | D |
| Employee Stock Option (right to buy)F4 | $6.34 | Dec 4, 2015 | A | 115,763 | A | Mar 4, 2016 | Dec 4, 2020 | Class C Common Stock | 115,763 | 115,763 | D |
| Employee Stock Option (right to buy)F5 | $6.97 | Dec 2, 2016 | A | 88,200 | A | Mar 2, 2017 | Dec 2, 2021 | Class C Common Stock | 88,200 | 88,200 | D |
| Employee Stock Option (right to buy)F6 | $5.28 | Dec 1, 2017 | A | 78,750 | A | Mar 1, 2018 | Dec 1, 2022 | Class A Common Stock | 78,750 | 78,750 | D |
| Employee Stock Option (right to buy)F7 | $6.07 | Nov 30, 2018 | A | 70,000 | A | Feb 28, 2019 | Nov 30, 2023 | Class A Common Stock | 70,000 | 70,000 | D |
Explanation of responses
- F1This 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, February 3, 2017, and February 2, 2018.
- F2This 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, February 3, 2017, and February 2, 2018.
- F3This 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, February 3, 2017, and February 2, 2018.
- F4This 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, February 3, 2017, and February 2, 2018.
- F5This 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 5% stock dividends paid on February 3, 2017, and February 2, 2018.
- F6This 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, 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.
- F7This option was granted on November 30, 2018 as an option for 70,000 shares of Class A Common Stock at an exercise price of $6.07 per share. The option vests in four quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested.