Jason G. Overbaugh - Dec 1, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
VP & Nat Mark Dir of Life Ins, Director
Signature
/s/ Jason G. Overbaugh
Stock symbol
SNFCA
Transactions as of
Dec 1, 2023
Transactions value $
$1,583,417
Form type
4
Date filed
12/20/2023, 04:11 PM
Previous filing
Jul 17, 2023
Next filing
Oct 2, 2024

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 $132K +30.3K $4.35* 30.3K Dec 4, 2015 Class A Common Stock 30.3K $4.35 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Award $138K +28.8K +95.24% $4.79* 59.1K Dec 2, 2016 Class A Common Stock 28.8K $4.79 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $99.5K +27.5K +46.46% $3.62* 86.6K Dec 1, 2017 Class C Common Stock 27.5K $3.62 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $136K +32.7K +37.76% $4.17* 119K Nov 30, 2018 Class C Common Stock 32.7K $4.17 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $162K +37.4K +31.33% $4.34* 157K Dec 6, 2019 Class C Common Stock 37.4K $4.34 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $112K +35.6K +22.72% $3.15 192K Mar 27, 2020 Class C Common Stock 35.6K $3.15 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $257K +33.1K +17.2% $7.78 225K Dec 3, 2021 Class C Common Stock 33.1K $7.78 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $226K +36.8K +16.31% $6.16 262K Dec 2, 2022 Class C Common Stock 36.8K $6.16 Direct F8
transaction SNFCA Employee Stock Option (right to buy) Award $320K +40K +15.26% $7.99 302K Dec 1, 2023 Class C Common Stock 40K $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 to purchase 20,000 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 a 5% stock dividend 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.
F2 This option was granted on December 2, 2016 as an option to purchase 20,000 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 2013 Stock Option Plan to reflect a 5% stock dividend 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.
F3 This option was granted on December 1, 2017 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 $5.05 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 a 5% stock dividend paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% 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 November 30, 2018 as an option to purchase either 25,000 shares of Class A Common Stock or 25,000 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 25,000 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 February 1, 2019 and February 7, 2020; a 2.5% 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 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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 February 7, 2020; a 2.5% 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 March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 2.5% 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 3, 2021 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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 35,000 shares of Class A Common Stock or 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, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive 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 40,000 shares of Class A Common Stock or 40,000 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 40,000 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 01, 2024.