SEC Form 4 · accession 0001096906-19-000073
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
Feb 1, 2019
Accepted (ET)
Feb 20, 2019 · 3:23 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 StockF2 | Feb 1, 2019 | J | 44 | $5.61 | A | 933 | 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)F3 | $1.09 | Apr 13, 2012 | A | 3,519 | A | Jul 13, 2012 | Apr 13, 2022 | Class A Common Stock | 3,519 | 3,519 | D |
| Employee Stock Option (right to buy)F4 | $3.56 | Dec 6, 2013 | A | 3,351 | A | Mar 6, 2014 | Dec 6, 2023 | Class A Common Stock | 3,351 | 3,351 | D |
| Employee Stock Option (right to buy)F5 | $3.34 | Jul 2, 2014 | A | 3,191 | A | Oct 2, 2014 | Jul 2, 2024 | Class A Common Stock | 3,191 | 3,191 | D |
| Employee Stock Option (right to buy)F6 | $3.89 | Dec 5, 2014 | A | 6,382 | A | Mar 15, 2015 | Dec 5, 2024 | Class A Common Stock | 6,382 | 6,382 | D |
| Employee Stock Option (right to buy)F7 | $5.47 | Dec 4, 2015 | A | 6,078 | A | Mar 4, 2016 | Dec 4, 2025 | Class A Common Stock | 6,078 | 6,078 | D |
| Employee Stock Option (right to buy)F8 | $6.03 | Dec 2, 2016 | A | 5,789 | A | Mar 2, 2017 | Dec 2, 2016 | Class A Common Stock | 5,789 | 5,789 | D |
| Employee Stock Option (right to buy)F9 | $4.56 | Dec 1, 2017 | A | 5,513 | A | Mar 1, 2018 | Dec 1, 2027 | Class A Common Stock | 5,513 | 5,513 | D |
| Employee Stock Option (right to buy)F10 | $5.24 | Nov 30, 2018 | A | 7,875 | A | Feb 28, 2019 | Nov 30, 2028 | Class A Common Stock | 7,875 | 7,875 | D |
Explanation of responses
- F1Received pursuant to a stock dividend paid on February 1, 2019.
- F10This 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, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 1, 2019. This option vests in four equal quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested.
- F2Does not include 83,718 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
- F3This 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, February 2, 2018, and February 1, 2019. On December 4, 2012, the reporting person exercised part of these options to purchase 2,500 shares of Class A Common Stock.
- F4This 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, February 2, 2018, and February 1, 2019.
- F5This 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, February 2, 2018, and February 1, 2019.
- F6This 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, February 2, 2018, and February 1, 2019.
- F7This 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, February 2, 2018, and February 1, 2019.
- F8This 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, February 2, 2018, and February 1, 2019.
- F9This 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 5% stock dividends paid on February 2, 2018 and February 1, 2019.