Ludmya B. Love - Dec 1, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Director
Signature
/s/ Ludmya B. Love
Stock symbol
SNFCA
Transactions as of
Dec 1, 2023
Transactions value $
$160,661
Form type
4
Date filed
12/4/2023, 06:30 PM
Previous filing
Feb 4, 2022

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 $51.5K +6.62K $7.78 6.62K Dec 3, 2021 Class A Common Stock 6.62K $7.78 Direct F1
transaction SNFCA Director Stock Option (right to buy) Award $45.3K +7.35K +111.11% $6.16 14K Dec 2, 2022 Class A Common Stock 7.35K $6.16 Direct F2
transaction SNFCA Director Stock Option (right to buy) Award $63.9K +8K +57.29% $7.99 22K Dec 1, 2023 Class A Common Stock 8K $7.99 Direct F3
* 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 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 and July 14, 2023.
F2 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 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 14, 2023.
F3 This option was granted on December 1, 2023 as an option for 8,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.99. The options granted vest quarterly, with 100% vesting on December 1, 2024.