Gilbert A. Fuller - Jun 16, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Director
Signature: /s/ Gilbert A. Fuller
Stock symbol: SNFCA
Transactions as of: Jun 16, 2023
Transactions value $: $207,540
Form type: 4
Date filed: 6/21/2023, 11:15 AM
Previous filing: Apr 28, 2023
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$82.6K	+9.65K	+146.64%	$8.56	16.2K	Jun 16, 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	-100%	$3.26^*	0	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	-100%	$3.26^*	0	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	-100%	$4.58^*	0	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	-100%	$4.58^*	0	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		$5.04^*	6.87K	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	+19.99%	$5.27^*	8.24K	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	+15.87%	$3.81^*	9.55K	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	+78.3%	$4.39^*	17K	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	+41.81%	$4.57	24.1K	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	+28.08%	$3.32	30.9K	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	+20.37%	$8.19	37.2K	Dec 3, 2021	Class A Common Stock	6.3K	$8.19	Direct	F11
transaction	SNFCA	Restricted Stock Unit	Award	$7.87K	+1.22K	+3.26%	$6.48	38.4K	Dec 2, 2022	Class A Common Stock	1.22K	$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.