Robert Hunter - Nov 17, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Director
Signature: /s/ Robert Hunter
Stock symbol: SNFCA
Transactions as of: Nov 17, 2023
Transactions value $: $323,827
Form type: 4
Date filed: 11/21/2023, 10:40 AM
Previous filing: Jan 26, 2023
Next filing: Dec 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$51.2K	+6.34K	+15.36%	$8.08	47.6K	Nov 17, 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	-$22.9K	-8.08K	-100%	$2.83^*	0	Dec 6, 2013	Class A Common Stock	8.08K	$2.83	Direct	F1
transaction	SNFCA	Director Stock Option (right to buy)	Disposed to Issuer	-$4.73K	-1.67K	-100%	$2.83^*	0	Dec 7, 2013	Class A Common Stock	1.67K	$2.83	Direct	F2
transaction	SNFCA	Director Stock Option (right to buy)	Award	$24.7K	+7.95K		$3.10^*	7.95K	Dec 5, 2014	Class A Common Stock	7.95K	$3.10	Direct	F3
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4.94K	+1.59K	+20.03%	$3.10^*	9.55K	Dec 7, 2014	Class A Common Stock	1.59K	$3.10	Direct	F4
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32.9K	+7.57K	+79.33%	$4.35^*	17.1K	Dec 4, 2015	Class A Common Stock	7.57K	$4.35	Direct	F5
transaction	SNFCA	Director Stock Option (right to buy)	Award	$6.59K	+1.52K	+8.86%	$4.35^*	18.6K	Dec 7, 2015	Class A Common Stock	1.52K	$4.35	Direct	F6
transaction	SNFCA	Director Stock Option (right to buy)	Award	$34.5K	+7.21K	+38.71%	$4.79^*	25.8K	Dec 2, 2016	Class A Common Stock	7.21K	$4.79	Direct	F7
transaction	SNFCA	Director Stock Option (right to buy)	Award	$7.22K	+1.44K	+5.58%	$5.01^*	27.3K	Dec 7, 2016	Class A Common Stock	1.44K	$5.01	Direct	F8
transaction	SNFCA	Director Stock Option (right to buy)	Award	$4.97K	+1.37K	+5.03%	$3.62^*	28.7K	Dec 1, 2017	Class A Common Stock	1.37K	$3.62	Direct	F9
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32.7K	+7.85K	+27.4%	$4.17^*	36.5K	Nov 3, 2018	Class A Common Stock	7.85K	$4.17	Direct	F10
transaction	SNFCA	Director Stock Option (right to buy)	Award	$32.4K	+7.48K	+20.48%	$4.34	44K	Dec 6, 2019	Class A Common Stock	7.48K	$4.34	Direct	F11
transaction	SNFCA	Director Stock Option (right to buy)	Award	$22.4K	+7.12K	+16.19%	$3.15	51.1K	Mar 27, 2020	Class A Common Stock	7.12K	$3.15	Direct	F12
transaction	SNFCA	Director Stock Option (right to buy)	Award	$51.5K	+6.62K	+12.94%	$7.78	57.7K	Dec 3, 2021	Class A Common Stock	6.62K	$7.78	Direct	F13
transaction	SNFCA	Director Stock Option (right to buy)	Award	$45.3K	+7.35K	+12.73%	$6.16	65.1K	Dec 2, 2022	Class A Common Stock	7.35K	$6.16	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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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 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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
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, July 08, 2022, and July 14, 2023.
F10	This option was granted on November 30, 2018 as an option for 6,000 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 options 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, July 08, 2022, and July 14, 2023.
F11	This option was granted on December 6, 2019 as an option for 6,000 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, July 08, 2022, and July 14, 2023.
F12	This option was granted on March 27, 2020 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, and July 14, 2023.
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 Plan to reflect a 5% stock dividend paid on July 08, 2022, and July 14, 2023.
F14	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 Dec 02, 2023.