Scott M. Quist - 03 Dec 2021 Form 5 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Board Chair, Pres, CEO, Director, 10%+ Owner
Signature: /s/ Scott M. Quist
Issuer symbol: SNFCA
Transactions as of: 03 Dec 2021
Net transactions value: +$1,138,484
Form type: 5
Filing time: 03 Feb 2022, 18:55:24 UTC
Next filing: 26 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class C Common Stock	Options Exercise	$610,144	+104,656		$5.83	104,656	01 Dec 2021	Direct
transaction	SNFCA	Class A Common Stock	Other	$403,302	+69,177	+66%	$5.83	173,833	29 Dec 2021	Direct	F1
transaction	SNFCA	Class C Common Stock	Other	$403,302	-69,177	-40%	$5.83	104,656	29 Dec 2021	Direct	F2
transaction	SNFCA	Class A Common Stock	Options Exercise	$403,302	-69,177	-66%	$5.83	35,479	29 Dec 2021	Direct
transaction	SNFCA	Class C Common Stock	Sale	$121,904	-13,837	-39%	$8.81	21,642	29 Dec 2021	Direct
transaction	SNFCA	Class C Common Stock	Gift	$126,173	-21,642	-100%	$5.83	0	29 Dec 2021	Direct

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)	Options Exercise	$610,144	-104,656	-100%	$5.83	0	02 Dec 2016	Class C Common Stock	104,656	$5.83	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$413,018	+93,443		$4.42	93,443	01 Dec 2017	Class A Common Stock	93,443	$4.42	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$421,109	+83,059		$5.07	83,059	30 Nov 2018	Class A Common Stock	83,059	$5.07	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$284,780	+56,504		$5.04	56,504	06 Dec 2019	Class C Common Stock	56,504	$5.04	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$196,956	+53,813		$3.66	53,813	27 Mar 2020	Class C Common Stock	53,813	$3.66	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$474,000	+50,000		$9.48	50,000	03 Dec 2021	Class C Common Stock	50,000	$9.48	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to an exchange of shares of Class A Common Stock from the George R. and Shirley C. Quist Family Partnership Ltd. (the "Family Partnership") to the reporting person.
F2	Pursuant to an exchange of shares of Class C Common Stock from the reporting person to the Family Partnership.
F3	This option was granted on December 2, 2016 as an option for either 80,000 shares of Class A Common Stock at an exercise price of $7.73 per share or 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 80,000 shares of Class C Common Stock at an exercise price of $7.73 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 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F4	This option was granted on December 1, 2017 as an option for 75,000 shares of Class A Common Stock at an exercise price of $5.56 per share, 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.
F5	This option was granted on November 30, 2018 as an option for 70,000 shares of Class A Common Stock at an exercise price of $6.07 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 1, 2019, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F6	This option was granted on December 6, 2019 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $6.01 per share or 50,000 shares of Class C Common Stock at an exercise price of $6.01 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $6.01 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 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F7	This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.16 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share, a 2 1/2% stock dividend paid on July 17, 2020, and a 5% stock dividend paid on July 16, 2021.
F8	This option was granted on December 3, 2021 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $9.48 per share or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 3, 2022, until such shares are fully vested.