Statement of Changes in Beneficial Ownership (4)
May 22 2019 - 3:08PM
Edgar (US Regulatory)
FORM 4
[ ]
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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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
*
Christie Q. Overbaugh
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2. Issuer Name
and
Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP
[
SNFCA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Sr. VP Life Ins. Inter. Op.
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(Last)
(First)
(Middle)
13471 SOUTH TUSCALEE WAY
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/22/2019
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(Street)
DRAPER, UT 84020
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock
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5/20/2019
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M
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6701
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A
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$3.56
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148105
(1)
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D
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Class A Common Stock
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5/20/2019
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F
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4223
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D
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$5.65
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143882
(1)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to buy)
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$3.56
(2)
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12/6/2013
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M
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6701
(2)
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3/6/2014
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12/6/2023
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Class A Common Stock
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6701
(2)
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$3.56
(2)
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0
(2)
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D
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Employee Stock Option (right to buy)
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$3.89
(3)
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12/5/2014
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A
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12763
(3)
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3/5/2015
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12/5/2024
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Class A Common Stock
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12763
(3)
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$3.89
(3)
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12763
(3)
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D
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Employee Stock Option (right to buy)
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$5.47
(4)
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12/4/2015
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A
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8509
(4)
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3/4/2016
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12/4/2025
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Class A Common Stock
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8509
(4)
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$5.47
(4)
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8509
(4)
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D
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Employee Stock Option (right to buy)
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$6.03
(5)
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12/2/2016
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A
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5789
(5)
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3/2/2017
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12/2/2026
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Class A Common Stock
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5789
(5)
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$6.03
(5)
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5789
(5)
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D
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Employee Stock Option (right to buy)
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$4.56
(6)
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12/1/2017
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A
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5513
(6)
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3/1/2018
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12/1/2027
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Class A Common Stock
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5513
(6)
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$4.56
(6)
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5513
(6)
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D
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Employee Stock Option (right to buy)
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$5.24
(7)
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11/30/2018
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A
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5250
(7)
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2/28/2019
(7)
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11/30/2028
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Class A Common Stock
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5250
(7)
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$5.24
(7)
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5250
(7)
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D
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Explanation of Responses:
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(1)
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Of these shares of Class A Common Stock, 40,305 shares are held jointly by the reporting person with a son or daughter. Does not include 134,316 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 Non-Qualified Deferred Compensation Plan and 31,912 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP).
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(2)
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This option was granted on December 6, 2013 as an option to purchase 5,000 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.
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(3)
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This option was granted on December 5, 2014 as an option to purchase 10,000 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 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.
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(4)
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This option was granted on December 4, 2015 as an option to purchase 7,000 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, and February 1, 2019.
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(5)
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This option was granted on December 2, 2016 as an option to purchase 5,000 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, and February 1, 2019.
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(6)
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This option was granted on December 1, 2017 as an option to purchase 5,000 shares of Class A 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 and February 1, 2019.
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(7)
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This option was granted on November 30, 2018 as an option to purchase 5,000 shares of Class A 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 a 5% stock dividend paid on February 1, 2019. This option vests in four equal quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Christie Q. Overbaugh
13471 SOUTH TUSCALEE WAY
DRAPER, UT 84020
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Sr. VP Life Ins. Inter. Op.
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Signatures
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/s/Christie Q. Overbaugh
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5/22/2019
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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