Shital A. Mehta - 02 Dec 2022 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Director
Signature
/s/ Shital A. Mehta
Issuer symbol
SNFCA
Transactions as of
02 Dec 2022
Net transactions value
+$96,957
Form type
4
Filing time
25 Jan 2023, 09:13:42 UTC
Previous filing
04 Feb 2022
Next filing
04 Dec 2023
SEC
View on sec.gov

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 Director Stock Option (right to buy) Award $51,597 +6,300 $8.19 6,300 03 Dec 2021 Class A Common Stock 6,300 $8.19 Direct F1
transaction SNFCA Director Stock Option (right to buy) Award $45,360 +7,000 +111% $6.48 13,300 02 Dec 2022 Class A Common Stock 7,000 $6.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted on December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022.
F2 This option was granted on December 2, 2022 as an option for 7,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.48. The options granted vest quarterly, with 100% vesting on December 02, 2023.