SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2021

Oct 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2021-07-16

Reporting Person: Quist S. Andrew (Director, VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-16	Class A Common Stock	J	849	$8.29	Acquired	17828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-13	Employee Stock Option(right to buy)	$0.96	A	23852	Acquired	2022-04-13	Class A Common Stock (23852)	Direct
2013-12-06	Employee Stock Option(right to buy)	$3.14	A	15144	Acquired	2023-12-06	Class A Common Stock (15144)	Direct
2014-07-02	Employee Stock Option(right to buy)	$2.93	A	14423	Acquired	2024-07-02	Class A Common Stock (14423)	Direct
2014-12-05	Employee Stock Option(right to buy)	$3.43	A	28847	Acquired	2024-12-05	Class A Common Stock (28847)	Direct
2015-12-04	Employee Stock Option(right to buy)	$4.82	A	27473	Acquired	2025-12-04	Class A Common Stock (27473)	Direct
2016-12-02	Employee Stock Option(right to buy)	$5.31	A	26165	Acquired	2026-12-02	Class A Common Stock (26165)	Direct
2017-12-01	Employee Stock Option(right to buy)	$4.01	A	24919	Acquired	2027-12-01	Class C Common Stock (24919)	Direct
2018-11-30	Employee Stock Option(right to buy)	$4.62	A	29665	Acquired	2028-11-30	Class C Common Stock (29665)	Direct
2019-12-06	Employee Stock Option(right to buy)	$4.81	A	45203	Acquired	2029-12-06	Class C Common Stock (45203)	Direct
2020-03-27	Employee Stock Option(right to buy)	$3.49	A	43050	Acquired	2030-03-27	Class C Common Stock (43050)	Direct

Footnotes

F1: Received pursuant to a stock dividend paid on July 16, 2021.

F2: This option was granted on April 13, 2012 as an option for 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, February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and 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.

F3: 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 Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (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, February 1, 2019, and 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.

F4: 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 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, February 1, 2019, and 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 December 5, 2014 as an option for 20,000 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, February 1, 2019, and 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.

F6: This option was granted on December 4, 2015 as an option for 20,000 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, February 1, 2019, and 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.

F7: This option was granted on December 2, 2016 as an option for 20,000 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; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

F8: This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 20,000 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 20,000 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; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

F9: This option was granted on November 30, 2018 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 25,000 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 25,000 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; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

F10: This option was granted on December 6, 2019 as an option for either 40,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 40,000 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 40,000 shares of Class C Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 6, 2020, until such shares are fully vested; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

F11: This option was granted on March 27, 2020 as an option for either 40,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 40,000 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 40,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option vests in four equal quarterly installments of Class C Common Stock, beginning on June 27, 2020, until such shares are fully vested; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.