Quist S. Andrew - Jan 29, 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Vice President/General Counsel, Director
Signature
/s/ Andrew Quist
Stock symbol
SNFCA
Transactions as of
Jan 29, 2024
Transactions value $
$2,617,418
Form type
4
Date filed
2/16/2024, 03:03 PM
Previous filing
Dec 22, 2023
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNFCA Class A Common Stock Gift -$66K -8K -15.5% $8.25 43.6K Jan 29, 2024 Direct F1

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 $42K +15.9K $2.64 15.9K Jul 2, 2014 Class A Common Stock 15.9K $2.64 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $98.6K +31.8K +200.01% $3.10 47.7K Dec 5, 2014 Class A Common Stock 31.8K $3.10 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $132K +30.3K +63.49% $4.35 78K Dec 4, 2015 Class A Common Stock 30.3K $4.35 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $138K +28.8K +36.99% $4.79 107K Dec 2, 2016 Class A Common Stock 28.8K $4.79 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $99.5K +27.5K +25.71% $3.62 134K Dec 1, 2017 Class C Common Stock 27.5K $3.62 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $136K +32.7K +24.35% $4.17 167K Nov 30, 2018 Class C Common Stock 32.7K $4.17 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $216K +49.8K +29.84% $4.34 217K Dec 6, 2019 Class C Common Stock 49.8K $4.34 Direct F8
transaction SNFCA Employee Stock Option (right to buy) Award $150K +47.5K +21.89% $3.15 264K Mar 27, 2020 Class C Common Stock 47.5K $3.15 Direct F9
transaction SNFCA Employee Stock Option (right to buy) Award $515K +66.2K +25.03% $7.78 330K Dec 3, 2021 Class C Common Stock 66.2K $7.78 Direct F10
transaction SNFCA Employee Stock Option (right to buy) Award $517K +84K +25.42% $6.16 414K Dec 2, 2022 Class C Common Stock 84K $6.16 Direct F11
transaction SNFCA Employee Stock Option (right to buy) Award $639K +80K +19.3% $7.99 494K Dec 1, 2023 Class C Common Stock 80K $7.99 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Does not include 93,292 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F2 This option was granted on July 2, 2014 as an option for 10,000 shares of Class A Common Stock at an exercise price of $4.29 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 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 2.5% 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 5, 2014 as an option for 20,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 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 2.5% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F4 This option was granted on December 4, 2015 as an option for 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 5% stock dividends paid on February 5, 2016, 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.
F5 This option was granted on December 2, 2016 as an option for 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 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.
F6 This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock or 20,000 shares or 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 5% stock dividends paid on 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.
F7 This option was granted on November 30, 2018 as an option for 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 provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on 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.
F8 This option was granted on December 6, 2019 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 $5.46 per share. This option reflects the reporting person's election to have an option for 40,000 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F9 This option was granted on March 27, 2020 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 $3.76 per share. This option reflects the reporting person's election to have an option for 40,000 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F10 This option was granted on December 3, 2021 as an option for 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.
F11 This option was granted on December 2, 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.
F12 The 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.