Statement of Ownership (sc 13g)
May 17 2019 - 1:40PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS
THERETO FILED
PURSUANT TO RULE 13d-2(b)
|
SECURITY NATIONAL FINANCIAL CORPORATION
|
|
(Name of Issuer)
Class A Common Stock
|
|
(Title of Class of Securities)
814785309
|
|
(CUSIP Number)
May 7, 2019
|
(Date of Event Which Requires Filing of This
Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
|
|
*
|
The remainder of this cover page shall be filled out
for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided in a prior cover page.
|
The information required
in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the
Notes
).
(Continued on following pages)
|
CUSIP NO. 814785309
|
|
13G
|
|
Page
2 of 9 Pages
|
|
|
|
|
|
|
|
|
|
|
|
1
|
NAMES
OF REPORTING PERSONS
M3 FUNDS, LLC
|
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE
VOTING POWER
N/A
|
|
6
|
SHARED
VOTING POWER
927,970 shares of Class A Common Stock
|
|
7
|
SOLE
DISPOSITIVE POWER
N/A
|
|
8
|
SHARED
DISPOSITIVE POWER
927,970
shares of Class
A Common Stock
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,970 shares of Class
A Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[
]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.06% of the outstanding
shares of Class A Common Stock
|
|
|
12
|
TYPE
OF REPORTING PERSON
OO (Limited Liability Company)
|
|
|
CUSIP NO. 814785309
|
|
13G
|
|
Page
3 of 9 Pages
|
|
|
|
|
|
|
|
|
|
|
|
1
|
NAMES
OF REPORTING PERSONS
M3
PARTNERS, LP
|
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE
VOTING POWER
N/A
|
|
6
|
SHARED
VOTING POWER
927,970 shares of Class A Common Stock
|
|
7
|
SOLE
DISPOSITIVE POWER
N/A
|
|
8
|
SHARED
DISPOSITIVE POWER
927,970 shares of Class
A Common Stock
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,970 shares of Class
A Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[
]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.06% of the outstanding shares of Class
A Common Stock
|
|
|
12
|
TYPE
OF REPORTING PERSON
PN (Limited Partnership)
|
|
|
CUSIP NO. 814785309
|
|
13G
|
|
Page
4 of 9 Pages
|
|
|
|
|
|
|
|
|
|
|
|
1
|
NAMES
OF REPORTING PERSONS
M3F, INC.
|
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
STATE OF UTAH, UNITED STATES OF AMERICA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE
VOTING POWER
N/A
|
|
6
|
SHARED
VOTING POWER
927,970 shares of Class A Common Stock
|
|
7
|
SOLE
DISPOSITIVE POWER
N/A
|
|
8
|
SHARED
DISPOSITIVE POWER
927,970 shares of Class A Common Stock
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,970 shares of Class
A Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[
]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.06% of the outstanding shares of Class
A Common Stock
|
|
|
12
|
TYPE
OF REPORTING PERSON
CO, IA
|
|
|
CUSIP NO. 814785309
|
|
13G
|
|
Page
5 of 9 Pages
|
|
|
|
|
|
|
|
|
|
|
|
1
|
NAMES
OF REPORTING PERSONS
Jason A. Stock
|
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE
VOTING POWER
N/A
|
|
6
|
SHARED
VOTING POWER
927,970 shares of Class
A Common Stock
|
|
7
|
SOLE
DISPOSITIVE POWER
N/A
|
|
8
|
SHARED
DISPOSITIVE POWER
927,970 shares of Class A Common Stock
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,970 shares of Class A Common Stock
|
|
|
10
|
CHECK BOX
IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[
]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.06% of the outstanding
shares of Class A Common Stock
|
|
|
12
|
TYPE
OF REPORTING PERSON
IN
|
|
|
CUSIP NO. 814785309
|
|
13G
|
|
Page
6 of 9 Pages
|
|
|
|
|
|
|
|
|
|
|
|
1
|
NAMES
OF REPORTING PERSONS
William C. Waller
|
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3
|
SEC
USE ONLY
|
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
|
5
|
SOLE
VOTING POWER
N/A
|
|
6
|
SHARED
VOTING POWER
927,970 shares of Class A Common Stock
|
|
7
|
SOLE
DISPOSITIVE POWER
N/A
|
|
8
|
SHARED
DISPOSITIVE POWER
927,970 shares of Class A Common Stock
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,970 shares of Class A Common Stock
|
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[
]
|
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.06% of the outstanding shares of Class A Common Stock
|
|
|
12
|
TYPE
OF REPORTING PERSON
IN
|
|
|
Item 1.
|
(a)
|
Name of Issuer:
|
|
|
|
|
|
|
|
Security National Financial Corporation (the “Issuer”)
|
|
|
|
|
|
|
(b)
|
Address of Issuer’s Principal Executive Offices:
|
|
|
|
|
|
|
|
5300 South 360 West, Suite 250
Salt Lake City, UT 84123
|
|
|
|
|
|
Item 2.
|
(a)
|
Name of Persons Filing:
|
|
|
|
|
|
|
|
M3 Funds, LLC
|
|
|
|
M3 Partners, LP
|
|
|
|
M3F, Inc.
|
|
|
|
Jason A. Stock
|
|
|
|
William C. Waller
|
|
|
|
|
|
|
(b)
|
Address of Principal Business Office or, if None, Residence:
|
|
|
|
|
|
|
|
For all persons filing:
|
|
|
|
|
|
|
|
10 Exchange Place, Suite 510
|
|
|
|
Salt Lake City, UT 84111
|
|
|
|
|
|
|
(c)
|
Citizenship:
|
|
|
|
|
|
|
|
M3 Funds, LLC is a Delaware limited liability company
|
|
|
|
M3 Partners, LP is a Delaware limited partnership
|
|
|
|
M3F, Inc. is a Utah corporation
|
|
|
|
Mr. Stock and Mr. Waller are United States citizens
|
|
|
|
|
|
|
(d)
|
Title of Class of Securities:
|
|
|
|
|
|
|
|
Class A Common Stock
|
|
|
|
|
|
|
(e)
|
CUSIP Number:
|
|
|
|
|
|
|
|
814785309
|
|
|
|
|
|
Item 3.
|
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
|
|
|
|
|
|
|
Not applicable. Filed pursuant to Rule 13d-1(c).
|
|
|
M3 Funds, LLC
|
M3 Partners, LP
|
M3F, Inc.
|
Jason A. Stock
|
William C. Waller
|
|
(a) Amount Beneficially Owned:
|
927,970
|
927,970
|
927,970
|
927,970
|
927,970
|
|
(b) Percent of Class:
|
6.06%
|
6.06%
|
6.06%
|
6.06%
|
6.06%
|
|
(c) Number of
Shares to Which Reporting Person Has:
|
|
|
|
|
(i) Sole Voting Power:
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
(ii) Shared Voting Power:
|
927,970
|
927,970
|
927,970
|
927,970
|
927,970
|
|
(iii) Sole Dispositive Power:
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
(iv) Shared Dispositive Power:
|
927,970
|
927,970
|
927,970
|
927,970
|
927,970
|
The reported shares
are the Issuer’s Class A common stock.
All of the reported shares are owned
directly by M3 Partners, L.P. (“M3 Partners”), whose general partner is M3 Funds, LLC (the “General Partner”)
and whose investment adviser is M3F, Inc. (the “Investment Adviser”). The General Partner and the Investment Adviser
could each be deemed to be indirect beneficial owners of the reported shares, and could be deemed to share such beneficial ownership
with M3 Partners.
Jason A. Stock and
William C. Waller are the managers of the General Partner and the managing directors of the Investment Adviser, and could be deemed
to share such indirect beneficial ownership with the General Partner, the Investment Adviser and M3 Partners.
|
|
Item 5.
|
Ownership of Five Percent or Less of a Class.
|
If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
|
|
Item 6.
|
Ownership of More than Five Percent on Behalf of Another
Person.
|
Not applicable.
|
|
Item 7.
|
Identification and Classification of the Subsidiary That Acquired the Security Being Reported
on by the Parent Holding Company or Control Person.
|
Not applicable.
|
|
Item 8.
|
Identification and Classification of Members of the
Group.
|
Not applicable.
|
|
Item 9.
|
Notice of Dissolution of Group.
|
Not applicable.
By signing below, each of the undersigned
certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Exhibits
Exhibit 1
Joint Filing Agreement dated May 17, 2019, among M3 Partners,
LP, M3 Funds, LLC, M3F, Inc., Jason A. Stock and William C. Waller.
Signature
After reasonable inquiry
and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information
set forth in this Statement is true, complete and correct.
|
|
Date:
May 17, 2019
|
|
|
|
|
|
|
|
|
M3 PARTNERS, LP
|
|
|
|
|
|
|
|
|
By:
|
M3 Funds, LLC, General Partner
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Manager
|
|
|
|
|
|
|
|
|
Date: May 17, 2019
|
|
|
|
|
|
|
|
|
M3 FUNDS, LLC
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Manager
|
|
|
|
|
|
|
|
|
Date: May 17, 2019
|
|
|
|
|
|
|
|
|
M3F, INC.
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Managing Director
|
|
|
|
|
|
|
|
|
Date: May 17, 2019
|
|
|
|
|
|
|
|
|
/s/ Jason A. Stock
|
|
|
|
Jason A. Stock
|
|
|
|
|
|
|
|
|
Date: May 17, 2019
|
|
|
|
|
|
|
|
|
/s/ William C. Waller
|
|
|
|
William C. Waller
|
|
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a
Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A Common Stock of Security
National Financial Corporation and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint
filings.
The undersigned further
agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto,
and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party
is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason
to believe that such information is inaccurate.
This Joint Filing Agreement
may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
In
witness whereof,
each of the undersigned has executed this Agreement as of May 17, 2019.
|
|
M3 PARTNERS, LP
|
|
|
|
|
|
|
|
|
By:
|
M3 Funds, LLC, General Partner
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Manager
|
|
|
|
|
|
|
|
|
M3 FUNDS, LLC
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Manager
|
|
|
|
|
|
|
|
|
M3F, INC.
|
|
|
|
|
|
|
|
|
By:
|
/s/ Jason A. Stock
|
|
|
|
Name:
|
Jason A. Stock
|
|
|
|
Title:
|
Managing Director
|
|
|
|
|
|
|
|
|
/s/ Jason A. Stock
|
|
|
|
Jason A. Stock
|
|
|
|
|
|
|
|
|
/s/ William C. Waller
|
|
|
|
William C. Waller
|
|
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From Apr 2023 to Apr 2024
