Jeffrey R. Stephens - 01 Dec 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Gen. Counsel & Corp. Sec
Signature
/s/ Jeffrey R. Stephens
Issuer symbol
SNFCA
Transactions as of
01 Dec 2023
Net transactions value
+$290,386
Form type
4
Filing time
20 Dec 2023, 15:17:37 UTC
Previous filing
30 Jan 2023
Next filing
11 Dec 2023
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 $40,916 +9,812 $4.17* 9,812 30 Nov 2018 Class A Common Stock 9,812 $4.17 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Award $40,557 +9,345 +95% $4.34* 19,157 06 Dec 2019 Class A Common Stock 9,345 $4.34 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $64,333 +8,269 +43% $7.78 27,426 03 Dec 2021 Class A Common Stock 8,269 $7.78 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $64,680 +10,500 +38% $6.16 37,926 02 Dec 2022 Class A Common Stock 10,500 $6.16 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $79,900 +10,000 +26% $7.99 47,926 01 Dec 2023 Class A Common Stock 10,000 $7.99 Direct F5
* 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 November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilutions 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; a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F2 This option was granted on December 6, 2019 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a 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.
F3 This option was granted on December 3, 2021 as an option for 7,500 shares of Class A 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 and July 14, 2023.
F4 This option was granted on December 02, 2022 as an option for 10,000 shares of Class A Common Stock 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.
F5 This option was granted on December 01, 2023 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.99 per share. The options vest in four equal quarterly installments, beginning on March 01, 2024.