Scott M. Quist - Dec 3, 2021 Form 5 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Board Chair, Pres, CEO, Director, 10%+ Owner
Signature
/s/ Scott M. Quist
Stock symbol
SNFCA
Transactions as of
Dec 3, 2021
Transactions value $
$1,138,484
Form type
5
Date filed
2/3/2022, 06:55 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNFCA Class C Common Stock Options Exercise $610K +105K $5.83 105K Dec 1, 2021 Direct
transaction SNFCA Class A Common Stock Other $403K +69.2K +66.1% $5.83 174K Dec 29, 2021 Direct F1
transaction SNFCA Class C Common Stock Other -$403K -69.2K -39.8% $5.83 105K Dec 29, 2021 Direct F2
transaction SNFCA Class A Common Stock Options Exercise -$403K -69.2K -66.1% $5.83 35.5K Dec 29, 2021 Direct
transaction SNFCA Class C Common Stock Sale -$122K -13.8K -39% $8.81 21.6K Dec 29, 2021 Direct
transaction SNFCA Class C Common Stock Gift -$126K -21.6K -100% $5.83 0 Dec 29, 2021 Direct

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 -$610K -105K -100% $5.83* 0 Dec 2, 2016 Class C Common Stock 105K $5.83 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $413K +93.4K $4.42* 93.4K Dec 1, 2017 Class A Common Stock 93.4K $4.42 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $421K +83.1K $5.07* 83.1K Nov 30, 2018 Class A Common Stock 83.1K $5.07 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $285K +56.5K $5.04 56.5K Dec 6, 2019 Class C Common Stock 56.5K $5.04 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $197K +53.8K $3.66 53.8K Mar 27, 2020 Class C Common Stock 53.8K $3.66 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $474K +50K $9.48 50K Dec 3, 2021 Class C Common Stock 50K $9.48 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an exchange of shares of Class A Common Stock from the George R. and Shirley C. Quist Family Partnership Ltd. (the "Family Partnership") to the reporting person.
F2 Pursuant to an exchange of shares of Class C Common Stock from the reporting person to the Family Partnership.
F3 This option was granted on December 2, 2016 as an option for either 80,000 shares of Class A Common Stock at an exercise price of $7.73 per share or 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 80,000 shares of Class C Common Stock at an exercise price of $7.73 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.
F4 This option was granted on December 1, 2017 as an option for 75,000 shares of Class A Common Stock at an exercise price of $5.56 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.
F5 This option was granted on November 30, 2018 as an option for 70,000 shares of Class A Common Stock at an exercise price of $6.07 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, 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 6, 2019 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $6.01 per share or 50,000 shares of Class C Common Stock at an exercise price of $6.01 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $6.01 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.
F7 This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.16 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share, 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 3, 2021 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $9.48 per share or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 3, 2022, until such shares are fully vested.