Garrett S. Sill - Jul 3, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Chief Financial Officer
Signature
/s/ Garrett S. Sill
Stock symbol
SNFCA
Transactions as of
Jul 3, 2023
Transactions value $
$977,108
Form type
4
Date filed
7/5/2023, 05:19 PM
Previous filing
Jun 2, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNFCA Class A Common Stock Options Exercise $75.1K +8.41K +20.84% $8.93 48.8K Jul 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 Employee Stock Option (right to buy) Disposed to Issuer -$19K -6.36K -100% $2.98* 0 Dec 6, 2013 Class A Common Stock 6.36K $2.98 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Disposed to Issuer -$16.8K -6.06K -100% $2.78* 0 Jul 2, 2014 Class A Common Stock 6.06K $2.78 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $39.5K +12.1K $3.26* 12.1K Dec 5, 2014 Class A Common Stock 12.1K $3.26 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $74.8K +19.6K +161.97% $3.81* 31.7K Dec 1, 2017 Class C Common Stock 19.6K $3.81 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $109K +24.9K +78.51% $4.39* 56.7K Nov 30, 2018 Class C Common Stock 24.9K $4.39 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $136K +29.7K +52.36% $4.57 86.3K Dec 6, 2019 Class C Common Stock 29.7K $4.57 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $93.8K +28.3K +32.73% $3.32 115K Mar 27, 2020 Class C Common Stock 28.3K $3.32 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $258K +31.5K +27.49% $8.19 146K Dec 3, 2021 Class C Common Stock 31.5K $8.19 Direct F9
transaction SNFCA Employee Stock Option (right to buy) Award $227K +35K +23.96% $6.48 181K Dec 2, 2022 Class C Common Stock 35K $6.48 Direct F8
* 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 4,000 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (the "2013 Stock Option Plan") to reflect a 5% stock dividend 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 July 2, 2014 as an option for 4,000 shares of Class A Common Stock at an exercise price of $4.29 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend 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 5, 2014 as an option for 8,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend 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 1, 2017 as an option for either 15,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 15,000 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 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend 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.
F5 This option was granted on November 30, 2018 as an option for either 20,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 20,000 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 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend 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.
F6 This option was granted on December 6, 2019 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 25,000 shares of Class C Common Stock at an exercise priceof $5.46 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 $5.46 per share, but adjusted pursuant to the anti-dilution provisions 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; 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 March 27, 2020 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 25,000 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 25,000 shares of Class C Common Stock at an exercise price of $3.76 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect 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 02, 2022 as an option for either 35,000 shares of Class A Common Stock at an exercise price of $6.48 per share or 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share. The option vests in four equal quarterly installments of Class C Common Stock, beginning on March 3, 2023, until such shares are fully vested.
F9 This option was granted on December 3, 2021 as an option for either 30,000 shares of Class A Common Stock at an exercise price of $8.62 per share or 30,000 shares of Class C Common Stock at an exercise price of $8.62 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 $8.62 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022.