SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2019

Dec 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2019-12-06

Reporting Person: Sill Garrett S. (CFO; Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-06	Employee Stock Option (right to buy)	$3.56	A	5361	Acquired	2023-12-06	Class A Common Stock (5361)	Direct
2014-07-02	Employee Stock Option (right to buy)	$3.34	A	5106	Acquired	2024-07-02	Class A Common Stock (5106)	Direct
2014-12-05	Employee Stock Option (right to buy)	$3.89	A	10210	Acquired	2024-12-05	Class A Common Stock (10210)	Direct
2015-12-04	Employee Stock Option (right to buy)	$5.47	A	12155	Acquired	2025-12-04	Class A Common Stock (12155)	Direct
2016-12-02	Employee Stock Option (right to buy)	$6.03	A	11576	Acquired	2026-12-02	Class A Common Stock (11576)	Direct
2017-12-01	Employee Stock Option (right to buy)	$4.56	A	16538	Acquired	2027-12-01	Class C Common Stock (16538)	Direct
2018-11-30	Employee Stock Option (right to buy)	$5.24	A	21000	Acquired	2028-11-30	Class C Common Stock (21000)	Direct
2019-12-06	Employee Stock Option (right to buy)	$5.46	A	25000	Acquired	2029-12-06	Class C Common Stock (25000)	Direct

Footnotes

F1: This option was granted on December 6, 2013 as an option for 4,000 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 2013 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.

F2: This option was granted on July 2, 2014 as an option for 4,000 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, and February 1, 2019.

F3: This option was granted on December 5, 2014 as an option for 8,000 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, and February 1, 2019.

F4: This option was granted on December 4, 2015 as an option for 10,000 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, and February 1, 2019.

F5: 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, and February 1, 2019.

F6: This option was granted on December 1, 2017 as an option for 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-dilutions provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018 and February 1, 2019.

F7: This option was granted on November 30, 2018 as an option for 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 a 5% stock dividend paid on February 1, 2019.

F8: This option was granted on December 6, 2019 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 25,000 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 25,000 shares of Class C Common Stock at an exercise price of $5.46 per share. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 6, 2020, until such shares are fully vested.