Adam Quist - Dec 3, 2021 Form 5 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
VP and General Counsel, Director
Signature
/s/ Adam G. Quist
Stock symbol
SNFCA
Transactions as of
Dec 3, 2021
Transactions value $
$1,092,955
Form type
5
Date filed
2/15/2022, 12:14 PM
Previous filing
Oct 21, 2021
Next filing
Dec 30, 2021

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 $69.5K +13.1K $5.31* 13.1K Dec 2, 2016 Class A Common Stock 13.1K $5.31 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Award $74.9K +18.7K $4.01* 18.7K Dec 1, 2017 Class C Common Stock 18.7K $4.01 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $110K +23.7K $4.62* 23.7K Nov 30, 2018 Class C Common Stock 23.7K $4.62 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $190K +39.6K $4.81 39.6K Dec 6, 2019 Class C Common Stock 39.6K $4.81 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $131K +37.7K $3.49 37.7K Mar 27, 2020 Class C Common Stock 37.7K $3.49 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $517K +60K $8.62 60K Dec 3, 2021 Class C Common Stock 60K $8.62 Direct F5, F6
* 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 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 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.
F2 This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 15,000 shares of Class C Common Stock at an exercise price of $5.05 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.
F3 This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share, 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.
F4 This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $5.46 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 7, 2020; and 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 March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan; and 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 3, 2021 as an option to purchase either 60,000 shares of Class A Common Stock at an exercise price of $8.62 per share or 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share. This option vests in four quarterly installments of Class C Common Stock beginning on March 3, 2022, until such shares are fully vested.