SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2016

Feb 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2016-02-01

Reporting Person: Wilbur Norman G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-01	Class A Common Stock	S	2400	$5.54	Disposed	821	Direct
2016-02-02	Class A Common Stock	M	3695	$2.58	Acquired	4516	Direct
2016-02-02	Class A Common Stock	M	1384	$2.48	Acquired	5900	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-31	Director Stock Option (right to buy)	$2.58	M	3695	Disposed	2018-03-31	Class A Common Stock (3695)	Direct
2009-12-07	Director Stock Option (right to buy)	$2.48	M	1384	Disposed	2019-12-07	Class A Common Stock (1384)	Direct
2012-12-07	Director Stock Option (right to buy)	$6.05	A	1216	Acquired	2022-12-07	Class A Common Stock (1216)	Direct
2013-12-06	Director Stock Option (right to buy)	$4.16	A	5605	Acquired	2023-12-06	Class A Common Stock (5605)	Direct
2013-12-07	Director Stock Option (right to buy)	$4.16	A	1158	Acquired	2023-12-07	Class A Common Stock (1158)	Direct
2014-12-05	Director Stock Option (right to buy)	$4.53	A	5513	Acquired	2024-12-05	Class A Common Stock (5513)	Direct
2014-12-07	Director Stock Option (right to buy)	$4.53	A	1103	Acquired	2024-12-07	Class A Common Stock (1103)	Direct
2015-12-04	Director Stock Option (right to buy)	$6.38	A	5250	Acquired	2025-12-04	Class A Common Stock (5250)	Direct
2015-12-07	Director Stock Option (right to buy)	$6.38	A	1050	Acquired	2025-12-07	Class A Common Stock (1050)	Direct

Footnotes

F1: This option was granted on March 31, 2008 as an option to purchase 2,500 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $3.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016.

F2: This option was granted on December 7, 2009 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $3.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016. On April 13, 2015, the reporting person exercised part of this option to purchase 23 shares of Class A Common Stock.

F3: This option was granted on December 7, 2012 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $7.42 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016.

F4: This option was granted on December 6, 2013 as an option to purchase 4,842 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, and February 5, 2016.

F5: This option was granted on December 7, 2013 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, and February 5, 2016.

F6: This option was granted on December 5, 2014 as an option to purchase 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.

F7: This option was granted on December 7, 2014 as an option to purchase 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.

F8: This option was granted on December 4, 2015 as an option to purchase 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 5, 2016. This option vests on December 4, 2016.

F9: This option was granted on December 7, 2015 as an option to purchase 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 5, 2016. This option vests on December 7, 2016.