Gilbert A. Fuller - Apr 1, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Director
Signature: /s/ Gilbert A. Fuller
Stock symbol: SNFCA
Transactions as of: Apr 1, 2023
Transactions value $: $263,459
Form type: 4
Date filed: 5/3/2023, 06:45 PM
Previous filing: Feb 17, 2023
Next filing: Apr 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$2.66K	+405	+6.07%	$6.58	7.08K	Apr 1, 2023	Direct
transaction	SNFCA	Class A Common Stock	Sale	-$2.66K	-405	-5.72%	$6.58	6.67K	Apr 3, 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)	Award	$24.7K	+7.57K		$3.26^*	7.57K	Dec 5, 2014	Class A Common Stock	7.57K	$3.26	Direct	F1
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4.94K	+1.52K	+20.02%	$3.26^*	9.09K	Dec 7, 2014	Class A Common Stock	1.52K	$3.26	Direct	F2
transaction	SNFCA	Director Stock Option (right to buy)	Award	$33K	+7.21K	+79.34%	$4.58^*	16.3K	Dec 4, 2015	Class A Common Stock	7.21K	$4.58	Direct	F3
transaction	SNFCA	Director Stock Option (right to buy)	Award	$6.61K	+1.44K	+8.86%	$4.58^*	17.7K	Dec 7, 2015	Class A Common Stock	1.44K	$4.58	Direct	F4
transaction	SNFCA	Director Stock Option (right to buy)	Award	$34.6K	+6.87K	+38.71%	$5.04^*	24.6K	Dec 2, 2016	Class A Common Stock	6.87K	$5.04	Direct	F5
transaction	SNFCA	Director Stock Option (right to buy)	Award	$7.24K	+1.37K	+5.58%	$5.27^*	26K	Dec 7, 2016	Class A Common Stock	1.37K	$5.27	Direct	F6
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4.98K	+1.31K	+5.03%	$3.81^*	27.3K	Dec 1, 2017	Class A Common Stock	1.31K	$3.81	Direct	F7
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32.8K	+7.48K	+27.4%	$4.39^*	34.8K	Nov 30, 2018	Class A Common Stock	7.48K	$4.39	Direct	F8
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32.5K	+7.12K	+20.48%	$4.57	41.9K	Dec 6, 2019	Class A Common Stock	7.12K	$4.57	Direct	F9
transaction	SNFCA	Director Stock Option (right to buy)	Award	$22.5K	+6.78K	+16.19%	$3.32	48.7K	Mar 27, 2020	Class A Common Stock	6.78K	$3.32	Direct	F10
transaction	SNFCA	Director Stock Option (right to buy)	Award	$51.6K	+6.3K	+12.94%	$8.19	55K	Dec 3, 2021	Class A Common Stock	6.3K	$8.19	Direct	F11
transaction	SNFCA	Restricted Stock Units	Award	$10.5K	+1.62K	+2.95%	$6.48	56.6K	Dec 2, 2022	Class A Common Stock	1.62K	$6.48	Direct	F12
transaction	SNFCA	Restricted Stock Units	Disposed to Issuer	-$2.62K	-405	-0.72%	$6.48	56.2K	Apr 1, 2023	Class A Common Stock	405	$6.48	Direct	F12

* 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 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.
F2	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.
F3	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.
F4	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.
F5	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.
F6	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.
F7	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.
F8	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.
F9	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.
F10	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.
F11	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.
F12	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 vest quarterly, and will be fully vested on December 31, 2023.