Amended Annual Statement of Changes in Beneficial Ownership (5/a)
January 06 2020 - 6:28PM
Edgar (US Regulatory)
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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Form 3 Holdings Reported
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Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0362
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
QUIST SCOTT M | 2. Issuer Name and Ticker or Trading SymbolSECURITY NATIONAL FINANCIAL CORP [snfca] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board,Pres,CEO |
(Last)
(First)
(Middle)
7 WANDERWOOD WAY | 3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2019 |
(Street)
SANDY, UT 84092
(City)
(State)
(Zip)
| 4. If Amendment, Date Original Filed(MM/DD/YYYY) 1/6/2020 | 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3) | 2. Trans. Date | 2A. Deemed Execution Date, if any | 3. Trans. Code (Instr. 8) | 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) |
Amount | (A) or (D) | Price |
Class C Common Stock | 12/3/2019 | | M | 127629 | A | $4.27 | 1249357 (1) | D | |
Class A Common Stock | 12/3/2019 | | F | 104201 | D | $5.23 | 0 (2) | D | |
Class C Common Stock | 12/3/2019 | | S | 6560 | D | $5.23 | 1242797 (2)(3) | D | |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (MM/DD/YYYY) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (right to buy) | $4.27 (4) | 12/5/2014 | | M | | 127629 (4) | 3/5/2015 | 12/5/2019 | Class C Common Stock | 127629 (4) | $4.27 (4) | 0 (4) | D | |
Employee Stock Option (right to buy) | $6.02 (5) | 12/4/2015 | | A | 121551 (5) | | 3/4/2016 | 12/4/2020 | Class C Common Stock | 121551 (5) | $6.02 (5) | 121551 (5) | D | |
Employee Stock Option (right to buy) | $6.62 (6) | 12/2/2016 | | A | 92610 (6) | | 3/2/2017 | 12/2/2021 | Class C Common Stock | 92610 (6) | $6.62 (6) | 92610 (6) | D | |
Employee Stock Option (right to buy) | $5.02 (7) | 12/1/2017 | | A | 82688 (7) | | 3/1/2018 | 12/1/2022 | Class A Common Stock | 82688 (7) | $5.02 (7) | 82688 (7) | D | |
Employee Stock Option (right to buy) | $5.77 (8) | 11/30/2018 | | A | 73500 (8) | | 2/28/2019 | 11/30/2023 | Class A Common Stock | 73500 (8) | $5.77 (8) | 73500 (8) | D | |
Employee Stock Option (right to buy) | $5.75 (9) | 12/6/2019 | | A | 50000 (9) | | 3/6/2020 (9) | 12/6/2024 | Class A Common Stock | 50000 (9) | $5.75 (9) | 50000 (9) | D | |
Explanation of Responses: |
(1) | Owned jointly by the reporting person and his wife. Does not include a total of 68,020 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP). |
(2) | Does not include a total of 336,206 shares of Class A Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan. |
(3) | Includes 6,560 shares of Class C Common Stock that the reporting person sold to the Company on December 3, 2019 under the Company's Stock Purchase Plan. |
(4) | This option was granted on December 5, 2014 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 100,000 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 100,000 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 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019. |
(5) | This option was granted on December 4, 2015 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $7.39 per share or 100,000 shares of Class C Common Stock at an exercise price of $7.39 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $7.39 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, and February 1, 2019. |
(6) | 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, and February 1, 2019. |
(7) | 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 and February 1, 2019. |
(8) | 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. |
(9) | This option was granted on December 1, 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. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 6, 2020, until such shares are fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
QUIST SCOTT M 7 WANDERWOOD WAY SANDY, UT 84092 | X | X | Chairman of the Board,Pres,CEO |
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Signatures
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/s/Scott M. Quist | | 1/6/2020 |
**Signature of Reporting Person | Date |
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