Statement of Changes in Beneficial Ownership (4)
May 19 2023 - 11:13AM
Edgar (US Regulatory)
FORM 4
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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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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
*
Sill Garrett S. |
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)
Chief Financial Officer |
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(Last)
(First)
(Middle)
2463 SOUTH 1375 WEST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/15/2023 |
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(Street)
SYRACUSE, UT 84075 |
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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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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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 | 4/15/2023 | | G | | 3000.0000 | D | $7.1900 | 38469.0000 | 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) | 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 | 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 Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Employee Stock Option (right to buy) | $2.9800 (3) | 12/6/2013 | | A | | 6362.0000 | | 3/6/2014 | 12/6/2023 | Class A Common Stock | 6362.0000 | $2.9800 | 6362.0000 | D |
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| Employee Stock Option (right to buy) | $2.7800 (4) | 7/2/2014 | | A | | 6059.0000 | | 10/2/2014 | 7/2/2024 | Class A Common Stock | 6059.0000 | $2.7800 | 12421.0000 | D |
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| Employee Stock Option (right to buy) | $3.2600 (4) | 12/5/2014 | | A | | 12115.0000 | | 3/5/2015 | 12/5/2024 | Class A Common Stock | 12115.0000 | $3.2600 | 24536.0000 | D |
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| Employee Stock Option (right to buy) | $3.8100 (5) | 12/1/2017 | | A | | 19623.0000 | | 3/1/2018 | 12/1/2027 | Class C Common Stock | 19623.0000 | $3.8100 | 44159.0000 | D |
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| Employee Stock Option (right to buy) | $4.3900 (4) | 11/30/2018 | | A | | 24918.0000 | | 2/28/2019 | 11/30/2028 | Class C Common Stock | 24918.0000 | $4.3900 | 69077.0000 | D |
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| Employee Stock Option (right to buy) | $4.5700 (4) | 12/6/2019 | | A | | 29664.0000 | | 3/6/2020 | 12/6/2029 | Class C Common Stock | 29664.0000 | $4.5700 | 98741.0000 | D |
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| Employee Stock Option (right to buy) | $3.3200 (5) | 3/27/2020 | | A | | 28251.0000 | | 6/27/2020 | 3/27/2030 | Class C Common Stock | 28251.0000 | $3.3200 | 126992.0000 | D |
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| Employee Stock Option (right to buy) | $8.1900 (5) | 12/3/2021 | | A | | 31500.0000 | | 3/3/2022 | 12/3/2031 | Class C Common Stock | 31500.0000 | $8.1900 | 158492.0000 | D |
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| Employee Stock Option (right to buy) | $6.4800 (5) | 12/2/2022 | | A | | 35000.0000 | | 3/2/2023 | 12/2/2032 | Class C Common Stock | 35000.0000 | $6.4800 | 193492.0000 | D |
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| Explanation of Responses: |
| (3) | This option was granted on December 5, 2014 as an option for 8,000 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 a 5% stock dividend paid on February 6, 2015, 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; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. |
| (4) | This option was granted on December 1, 2017 as an option for 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-dilutions provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. |
| (5) | This option was granted on November 30, 2018 as an option for 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 a 5% stock dividend paid on February 1, 2019 and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Sill Garrett S.
2463 SOUTH 1375 WEST
SYRACUSE, UT 84075 |
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| Chief Financial Officer |
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Signatures
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| /s/ Garrett S. Sill | | 5/19/2023 |
| **Signature of Reporting Person | Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
| 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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