SEC Form 4 · accession 0001096906-19-000079

SECURITY NATIONAL FINANCIAL CORP · SNFCA

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

Reporting owner

Jason G. Overbaugh

Officer — VP & Nat Mrk Dir of Life Ins · Director

Period of report

Feb 1, 2019

Accepted (ET)

Feb 25, 2019 · 11:47 am 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	3,894	$5.61	A	81,774	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	$3.56	Dec 6, 2013	A	13,401	A	Mar 6, 2014	Dec 6, 2023	Class A Common Stock	13,401	13,401	D
Employee Stock Option (right to buy)^F4	$3.34	Jul 2, 2014	A	12,763	A	Oct 2, 2014	Jul 2, 2024	Class A Common Stock	12,763	12,763	D
Employee Stock Option (right to buy)^F5	$3.89	Dec 5, 2014	A	25,527	A	Mar 5, 2015	Dec 5, 2024	Class A Common Stock	25,527	25,527	D
Employee Stock Option (right to buy)^F6	$5.47	Dec 4, 2015	A	24,311	A	Mar 4, 2016	Dec 4, 2025	Class A Common Stock	24,311	24,311	D
Employee Stock Option (right to buy)^F7	$6.03	Dec 2, 2016	A	23,153	A	Mar 2, 2017	Dec 2, 2026	Class A Common Stock	23,153	23,153	D
Employee Stock Option (right to buy)^F8	$4.56	Dec 1, 2017	A	22,050	A	Mar 1, 2018	Dec 1, 2027	Class C Common Stock	22,050	22,050	D
Employee Stock Option (right to buy)^F9	$5.24	Nov 30, 2018	A	26,250	A	Feb 28, 2019	Nov 30, 2028	Class C Common Stock	26,250	26,250	D

Explanation of responses

F1Received pursuant to a stock dividend paid on February 1, 2019.
F2Does not include 91,709 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan and the Deferred Compensation Plan.
F3This option was granted on December 6, 2013 as an option to purchase 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, February 3, 2017, February 2, 2018, and February 1, 2019.
F4This option was granted on July 2, 2014 as an option to purchase 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, February 3, 2017, February 2, 2018, and February 1, 2019.
F5This option was granted on December 5, 2014 as an option to purchase 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, February 3, 2017, February 2, 2018, and February 1, 2019.
F6This option was granted on December 4, 2015 as an option to purchase 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, February 3, 2017, February 2, 2018, and February 1, 2019.
F7This option was granted on December 2, 2016 as an option to purchase 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 5% stock dividends paid on February 3, 2017, February 2, 2018, and February 1, 2019.
F8This option was granted on December 1, 2017 as an option to purchase 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, 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.
F9This option was granted on November 30, 2018 as an option to purchase either 25,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 25,000 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 25,000 shares of Class C Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution rights 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.