SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2020

May 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2020-03-27

Reporting Person: Wilbur Norman G (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-07	Director Stock Option (right to buy)	$4.9300	A	1478.0000	Acquired	2022-12-07	Class A Common Stock (1478.0000)	Direct
2015-12-04	Director Stock Option (right to buy)	$5.2000	A	6382.0000	Acquired	2025-12-04	Class A Common Stock (6382.0000)	Direct
2015-12-07	Director Stock Option (right to buy)	$5.2000	A	1277.0000	Acquired	2025-12-07	Class A Common Stock (1277.0000)	Direct
2016-12-02	Director Stock Option (right to buy)	$5.7300	A	6078.0000	Acquired	2026-12-02	Class A Common Stock (6078.0000)	Direct
2016-12-07	Director Stock Option (right to buy)	$6.0000	A	1216.0000	Acquired	2026-12-07	Class A Common Stock (1216.0000)	Direct
2017-12-01	Director Stock Option (right to buy)	$4.3300	A	1158.0000	Acquired	2027-12-01	Class A Common Stock (1158.0000)	Direct
2018-11-30	Director Stock Option (right to buy)	$4.9900	A	5513.0000	Acquired	2028-11-30	Class A Common Stock (5513.0000)	Direct
2018-11-30	Director Stock Option (right to buy)	$4.9900	A	1103.0000	Acquired	2028-11-30	Class A Common Stock (1103.0000)	Direct
2019-12-06	Director Stock Option (right to buy)	$5.1900	A	5250.0000	Acquired	2029-12-06	Class A Common Stock (5250.0000)	Direct
2019-12-06	Director Stock Option (right to buy)	$5.1900	A	1050.0000	Acquired	2029-12-06	Class A Common Stock (1050.0000)	Direct
2020-03-27	Director Stock Option (right to buy)	$3.7600	A	2500.0000	Acquired	2030-03-27	Class A Common Stock (2500.0000)	Direct

Footnotes

F1: This 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, February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020.

F2: 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 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020.

F3: 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 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020.

F4: This option was granted on December 2, 2016 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 $7.03 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 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020.

F5: This option was granted on December 7, 2016 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 $7.36 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 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020.

F6: This option was granted on December 1, 2017 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 $5.05 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 2, 2018, February 1, 2019, and February 7, 2020.

F7: This option was granted on November 30, 2018 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 $5.52 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 1, 2019 and February 7, 2020.

F8: This option was granted on November 30, 2018 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 $5.52 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 1, 2019 and February 7, 2020.

F9: This option was granted on December 6, 2019 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 $5.46 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 7, 2020. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.

F10: This option was granted on December 6, 2019 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 $5.46 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 7, 2020. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.

F11: This option was granted on March 27, 2020 as an option to purchase 2,500 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.