Jason G. Overbaugh - 16 Jul 2021 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: VP/Ntnl Marketing Dir-Life Ins, Director
Signature: /s/ Jason G. Overbaugh
Issuer symbol: SNFCA
Transactions as of: 16 Jul 2021
Net transactions value: +$731,083
Form type: 4
Filing time: 25 Aug 2021, 18:49:03 UTC
Previous filing: 25 Aug 2021
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Gift	$49,668	-5,470	-5.2%	$9.08	99,063	16 Jul 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$132,657	+26,165		$5.07^*	26,165	04 Dec 2015	Class A Common Stock	26,165	$5.07	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$139,297	+24,919		$5.59^*	24,919	02 Dec 2016	Class A Common Stock	24,919	$5.59	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$95,262	+22,574		$4.22^*	22,574	01 Dec 2017	Class C Common Stock	22,574	$4.22	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$137,305	+28,252		$4.86^*	28,252	30 Nov 2018	Class C Common Stock	28,252	$4.86	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$163,377	+32,288		$5.06	32,288	06 Dec 2019	Class C Common Stock	32,288	$5.06	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$112,852	+30,750		$3.67	30,750	27 Mar 2020	Class C Common Stock	30,750	$3.67	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Does not include shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan and shares of Class A Common Stock owned indirectly by the reporting person in the Non-Qualified Deferred Compensation Plan.
F2	This 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, February 1, 2019, and February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F3	This 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, February 1, 2019, and February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F4	This 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, February 1, 2019, and February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F5	This 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 5% stock dividends paid on February 1, 2019 and February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F6	This option was granted on December 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 30,000 shares of Class C Common Stock at an exercise price of $5.46 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 30,000 shares of Class C Common Stock at an exercise price of $5.46 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 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F7	This option was granted on March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 30,000 shares of Class C Common Stock at an exercise price of $3.76 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 30,000 shares of Class C Common Stock at an exercise price of $3.76 per share, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021. This option vests in four equal quarterly installments of Class C Common Stock, beginning on June 27, 2020, until such shares are fully vested.