SEC Form 4 · accession 0001096906-19-000075

SECURITY NATIONAL FINANCIAL CORP · SNFCA

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

Reporting owner

Adam George Quist

Officer — VP & General Counsel

Period of report

Feb 1, 2019

Accepted (ET)

Feb 22, 2019 · 12:51 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^F2	Feb 1, 2019	J	98	$5.61	A	2,057	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	$3.89	Dec 5, 2014	A	2,553	A	Mar 5, 2015	Dec 5, 2024	Class A Common Stock	2,553	2,553	D
Employee Stock Option (right to buy)^F4	$5.47	Dec 4, 2015	A	8,509	A	Mar 4, 2016	Dec 4, 2025	Class A Common Stock	8,509	8,509	D
Employee Stock Option (right to buy)^F5	$6.03	Dec 2, 2016	A	11,576	A	Mar 2, 2017	Dec 2, 2026	Class A Common Stock	11,576	11,576	D
Employee Stock Option (right to buy)^F6	$4.56	Dec 1, 2017	A	16,538	A	Mar 1, 2018	Dec 1, 2027	Class C Common Stock	16,538	16,538	D
Employee Stock Option (right to buy)^F7	$5.24	Nov 30, 2018	A	21,000	A	Feb 18, 2019	Nov 30, 2028	Class C Common Stock	21,000	21,000	D

Explanation of responses

F1Received pursuant to a stock dividend paid on February 1, 2019.
F2Does not include 9,667 shares of Class A Common Stock owned indirectly by the reporting person pursuant to the 401(k) Retirement Savings Plan.
F3This option was granted on December 5, 2014 as an option for 2,000 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.
F4This option was granted on December 4, 2015 as an option for 7,000 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.
F5This option was granted on December 2, 2016 as an option for 10,000 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.
F6This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 15,000 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 15,000 shares of Class C 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.
F7This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 20,000 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 20,000 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 a 5% stock dividend paid on February 1, 2019. This option vests in four equal quarterly installments of Class C Common Stock, beginning on February 28, 2019, until such shares are fully vested.