SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2021-01-15

Reporting Person: Wilbur Norman G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-15	Class A Common Stock	S	3900.0000	$9.2000	Disposed	3765.0000	Direct
2021-01-28	Class A Common Stock	S	600.0000	$8.7400	Disposed	3165.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-04	Director Stock Option (right to buy)	$5.0700	A	6542.0000	Acquired	2025-12-04	Class A Common Stock (6542.0000)	Direct
2015-12-07	Director Stock Option (right to buy)	$5.0700	A	1309.0000	Acquired	2025-12-07	Class A Common Stock (1309.0000)	Direct
2016-12-02	Director Stock Option (right to buy)	$5.5900	A	6230.0000	Acquired	2026-12-02	Class A Common Stock (6230.0000)	Direct
2016-12-07	Director Stock Option (right to buy)	$5.8400	A	1246.0000	Acquired	2026-12-07	Class A Common Stock (1246.0000)	Direct
2018-11-30	Director Stock Option (right to buy)	$4.8600	A	5651.0000	Acquired	2028-11-30	Class A Common Stock (5651.0000)	Direct
2018-11-30	Director Stock Option (right to buy)	$4.8600	A	1131.0000	Acquired	2028-11-30	Class A Common Stock (1131.0000)	Direct
2019-12-06	Director Stock Option (right to buy)	$5.0600	A	5381.0000	Acquired	2029-12-06	Class A Common Stock (5381.0000)	Direct
2019-12-06	Director Stock Option (right to buy)	$5.0600	A	1076.0000	Acquired	2029-12-06	Class A Common Stock (1076.0000)	Direct
2020-03-27	Director Stock Option (right to buy)	$3.6700	A	1537.0000	Acquired	2030-03-27	Class A Common Stock (1537.0000)	Direct

Footnotes

F1: This option was granted on December 4, 2015 as an option to purchase 5,000 shares of Class A Common Stock under the Amended and Restated 2014 Director Stock Option Plan (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; and a 2.5% stock dividend paid on July 17, 2020.

F2: 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; and a 2.5% stock dividend paid on July 17, 2020.

F3: 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; and a 2.5% stock dividend paid on July 17, 2020.

F4: 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; and a 2.5% stock dividend paid on July 17, 2020.

F5: 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; and a 2.5% stock dividend paid on July 17, 2020.

F6: 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; and a 2.5% stock dividend paid on July 17, 2020.

F7: 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; and a 2.5% stock dividend paid on July 17, 2020.

F8: 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; and a 2.5% stock dividend paid on July 17, 2020.

F9: This option was granted on March 27, 2020 as an option to purchase 1,537 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.67 per share. The option vests in four equal quarterly installments of Class A Common Stock, beginning on June 27, 2020, until such shares are fully vested; and a 2.5% stock dividend paid on July 17, 2020.