Adam George Quist - 01 Dec 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Vice President/General Counsel, Director
Signature
/s/ Adam Quist
Issuer symbol
SNFCA
Transactions as of
01 Dec 2023
Net transactions value
+$2,263,899
Form type
4
Filing time
20 Dec 2023, 12:50:40 UTC
Previous filing
30 Dec 2021
Next filing
31 Oct 2024
SEC
View on sec.gov

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) Award $19,762 +4,543 $4.35* 4,543 04 Dec 2015 Class A Common Stock 4,543 $4.35 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Award $69,086 +14,423 +317% $4.79* 18,966 02 Dec 2016 Class A Common Stock 14,423 $4.79 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $74,586 +20,604 +109% $3.62* 39,570 01 Dec 2017 Class A Common Stock 20,604 $3.62 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $109,104 +26,164 +66% $4.17* 65,734 30 Nov 2018 Class A Common Stock 26,164 $4.17 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $189,254 +43,607 +66% $4.34* 109,341 06 Dec 2019 Class A Common Stock 43,607 $4.34 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $130,820 +41,530 +38% $3.15 150,871 27 Mar 2020 Class A Common Stock 41,530 $3.15 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $514,647 +66,150 +44% $7.78 217,021 03 Dec 2021 Class C Common Stock 66,150 $7.78 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $517,440 +84,000 +39% $6.16 301,021 02 Dec 2022 Class C Common Stock 84,000 $6.16 Direct F8
transaction SNFCA Employee Stock Option (right to buy) Award $639,200 +80,000 +27% $7.99 381,021 01 Dec 2023 Class C Common Stock 80,000 $7.99 Direct F9
* 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 4, 2015 as an option for 3,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 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; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F2 This option was granted on December 2, 2016 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F3 This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock or 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share. This option reflects the reporting person's election to have an option for 15,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F4 This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock or 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share. This option reflects the reporting person's election to have an option for 20,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F5 This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, 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; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F6 This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F7 This option was granted on December 3, 2021 as an option to purchase either 60,000 shares of Class A Common Stock or 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share. This option reflects the reporting person's election to have an option for 60,000 shares of Class C Common Stock, 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 and July 14, 2023.
F8 This option was granted on December 02, 2022 as an option for either 80,000 shares of Class A Common Stock or 80,000 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 80,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023.
F9 This option was granted on December 01, 2023 as an option for either 80,000 shares of Class A Common Stock or 80,000 shares of Class C Common Stock at an exercise price of $7.99 per share. This option reflects the reporting person's election to have an option for 80,000 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 01, 2024.