Adam Quist - 01 Jul 2021 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Vice President/General Counsel, Director
Signature: /s/ Adam George Quist
Issuer symbol: SNFCA
Transactions as of: 01 Jul 2021
Transactions value $: $162,432
Form type: 4
Filing time: 15 Sep 2021, 17:58:56 UTC
Next filing: 21 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$14.3K	+1.62K	+73.31%	$8.82	3.84K	01 Jul 2021	Direct
transaction	SNFCA	Class A Common Stock	Options Exercise	$34.3K	+3.89K	+101.46%	$8.82	7.73K	01 Jul 2021	Direct
transaction	SNFCA	Class A Common Stock	Other	$3.21K	+387		$8.29	$8.12K	16 Jul 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNFCA	Employee Stock Option (right to buy)	Options Exercise	-$2.75K				0	05 Dec 2014	Class A Common Stock	$2.75K	$3.61	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Options Exercise	-$13.1K				$0	04 Dec 2015	Class A Common Stock	$13.1K	$5.07	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$12.5K				$12.5K	02 Dec 2016	Class A Common Stock	$12.5K	$5.59	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$17.8K				$17.8K	01 Dec 2017	Class A Common Stock	$17.8K	$4.22	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$22.6K				$22.6K	30 Nov 2018	Class A Common Stock	$22.6K	$4.86	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$37.7K				$37.7K	06 Dec 2019	Class A Common Stock	$37.7K	$5.06	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$35.9K				$35.9K	27 Mar 2020	Class A Common Stock	$35.9K	$3.67	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received pursuant to a stock dividend paid on July 16, 2021.
F2	Does not include 13,932 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F3	This option was granted on December 5, 2014 as an option for 2,000 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 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 5, 2016, February 3, 2017, February 2, 2018, February 1 2019, and February 7, 2020; 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 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, February 1 2019, and February 7, 2020; 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 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, February 1 2019, and February 7, 2020; 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 1, 2017 as an option to purchase 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-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; 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 November 30, 2018 as an option to purchase 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 5% stock dividends paid on February 1, 2019 and February 7, 2020; 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 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 35,000 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 35,000 shares of Class C Common Stock at an exercise price of $5.46 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 7, 2020; and a 2 1/2% stock dividend paid on July 17, 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 5% stock dividend paid on July 16, 2021.
F9	This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 35,000 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 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share; a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.