SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2014

Aug 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2014-07-02

Reporting Person: Overbaugh Jason G. (Director, VP, Natl Mrkting Dir Life)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-07	Class A Common Stock	J	3508	$4.35	Acquired	73672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-13	Employee Stock Option (right to buy)	$1.41	A	8269	Acquired	2022-04-13	Class A Common Stock (8269)	Direct
2013-12-06	Employee Stock Option (right to buy)	$4.61	A	10500	Acquired	2023-12-06	Class A Common Stock (10500)	Direct
2014-07-02	Employee Stock Option (right to buy)	$4.29	A	10000	Acquired	2024-07-02	Class A Common Stock (10000)	Direct

Footnotes

F1: Received pursuant to a stock dividend paid on February 7, 2014.

F2: Includes 5,486 shares of Class A Common Stock owned jointly by the reporting person and his wife. Does not include 62,143 shares of Class A Common Stock owned directly by the reporting person in the Deferred Compensation Plan and the 401(k) Retirement Savings Plan.

F3: This option was granted on April 14, 2012 as an option to purchase 15,000 shares of Class A Common Stock at an exercise price of $1.56 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013 and February 7, 2014. On November 6, 2012, the reporting person exercised part of this option to purchase 7,500 shares of Class A Common Stock.

F4: This option was granted on December 6, 2013 as an option for 10,000 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2014. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2014, until such shares are fully vested.

F5: 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. This option vests in four equal quarterly installments of Class A Common Stock, beginning on October 2, 2014, until such shares are fully vested.