GILBERT A. FULLER - 31 Jan 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Director
Signature: /s/ Gilbert A. Fuller
Issuer symbol: SNFCA
Transactions as of: 31 Jan 2023
Net transactions value: +$277,697
Form type: 4
Filing time: 02 Feb 2023, 17:23:56 UTC
Previous filing: 31 Jan 2023
Next filing: 17 Feb 2023
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	Options Exercise	$39,294	+5,450	+446%	$7.21	6,672	31 Jan 2023	Direct

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)	Disposed to Issuer	$22,937	-7,697	-100%	$2.98^*	0	06 Dec 2013	Class A Common Stock	7,697	$2.98	Direct	F1
transaction	SNFCA	Director Stock Option (right to buy)	Disposed to Issuer	$4,744	-1,592	-100%	$2.98^*	0	07 Dec 2013	Class A Common Stock	1,592	$2.98	Direct	F2
transaction	SNFCA	Director Stock Option (right to buy)	Award	$24,688	+7,573		$3.26^*	7,573	05 Dec 2014	Class A Common Stock	7,573	$3.26	Direct	F3
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4,942	+1,516	+20%	$3.26^*	9,089	07 Dec 2014	Class A Common Stock	1,516	$3.26	Direct	F4
transaction	SNFCA	Director Stock Option (right to buy)	Award	$33,026	+7,211	+79%	$4.58^*	16,300	04 Dec 2015	Class A Common Stock	7,211	$4.58	Direct	F5
transaction	SNFCA	Director Stock Option (right to buy)	Award	$6,614	+1,444	+8.9%	$4.58^*	17,744	07 Dec 2015	Class A Common Stock	1,444	$4.58	Direct	F6
transaction	SNFCA	Director Stock Option (right to buy)	Award	$34,620	+6,869	+39%	$5.04^*	24,613	02 Dec 2016	Class A Common Stock	6,869	$5.04	Direct	F7
transaction	SNFCA	Director Stock Option (right to buy)	Award	$7,236	+1,373	+5.6%	$5.27^*	25,986	07 Dec 2016	Class A Common Stock	1,373	$5.27	Direct	F8
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4,983	+1,308	+5%	$3.81^*	27,294	01 Dec 2017	Class A Common Stock	1,308	$3.81	Direct	F9
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32,828	+7,478	+27%	$4.39^*	34,772	30 Nov 2018	Class A Common Stock	7,478	$4.39	Direct	F10
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32,538	+7,120	+20%	$4.57	41,892	06 Dec 2019	Class A Common Stock	7,120	$4.57	Direct	F11
transaction	SNFCA	Director Stock Option (right to buy)	Award	$22,513	+6,781	+16%	$3.32	48,673	27 Mar 2020	Class A Common Stock	6,781	$3.32	Direct	F12
transaction	SNFCA	Director Stock Option (right to buy)	Award	$51,597	+6,300	+13%	$8.19	54,973	03 Dec 2021	Class A Common Stock	6,300	$8.19	Direct	F13
transaction	SNFCA	Restricted Stock Unit	Award	$10,498	+1,620	+2.9%	$6.48	56,593	02 Dec 2022	Class A Common Stock	1,620	$6.48	Direct	F14

* 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 6, 2013 as an option for 4,842 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director 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, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F2	This option was granted on December 7, 2013 as an option for 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director 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, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F3	This option was granted on December 5, 2014 as an option for 5,000 shares of Class A Common Stock under the Amended and Restated 2014 Director Stock Option Plan (the "2014 Director Stock Option Plan") at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F4	This option was granted on December 7, 2014 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F5	This option was granted on December 4, 2015 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F6	This option was granted on December 7, 2015 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F7	This option was granted on December 2, 2016 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F8	This option was granted on December 7, 2016 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.36 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F9	This option was granted on December 1, 2017 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F10	This option was granted on November 30, 2018 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F11	This option was granted on December 6, 2019 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.46 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 February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F12	This option was granted on March 27, 2020 as an option for 2,500 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share; a 5% stock dividend paid on February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022.
F13	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.
F14	These restricted stock units were granted on December 2, 2022 for 1,620 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $6.48. The units granted will be fully vested on March 31, 2023.