Sec Form 13G Filing - Jordan Capital AM LLC filing for SECURITY NATIONAL FINANCIAL CORP (SNFCA) - 2020-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (Amendment No. )*

                          SECURITY NATIONAL FINANCIAL CORPORATION
 -------------------------------------------------------------------------------
                                (Name of Issuer)

                          CLASS A COMMON STOCK, $2.00 Par Value
 -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                     814785309
 -------------------------------------------------------------------------------
                                  (CUSIP Number)

                                 December 31, 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:

[X] RULE 13D-1(B)

[ ] 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 DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.

     THE INFORMATION REQUIRED ON 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 (THE "ACT") 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).











                                Page 1 of 6 Pages


CUSIP NO. 814785309
          ---------

- --------------------------------------------------------------------------
  1      NAMES OF REPORTING PERSONS

         Jordan Capital Partners, L.P.
- --------------------------------------------------------------------------
  2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]

- --------------------------------------------------------------------------
  3      SEC USE ONLY

- --------------------------------------------------------------------------
  4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware
- --------------------------------------------------------------------------
                           5    SOLE VOTING POWER

           NUMBER OF                 NONE
            SHARES
          BENEFICIALLY     -------------------------------------------------
           OWNED BY        6    SHARED VOTING POWER
             EACH
           REPORTING                588,200
            PERSON         -------------------------------------------------
             WITH          7    SOLE DISPOSITIVE POWER

                                     NONE
                           -------------------------------------------------
                           8    SHARED DISPOSITIVE POWER

                                    588,200
- --------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    588,200
- --------------------------------------------------------------------------
  10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
        [ ] (SEE INSTRUCTIONS)

- --------------------------------------------------------------------------
  11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.93%
- --------------------------------------------------------------------------
  12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
             PN
- --------------------------------------------------------------------------




                                Page 2 of 6 Pages



CUSIP NO. 814785309
          ---------

- --------------------------------------------------------------------------
  1      NAMES OF REPORTING PERSONS

         Jordan Capital AM, LLC
- --------------------------------------------------------------------------
  2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]

(b) [ ]


- --------------------------------------------------------------------------
  3      SEC USE ONLY

- --------------------------------------------------------------------------
  4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware
- --------------------------------------------------------------------------
                           5    SOLE VOTING POWER

           NUMBER OF                NONE
            SHARES
          BENEFICIALLY     -------------------------------------------------
           OWNED BY        6    SHARED VOTING POWER
             EACH
           REPORTING              88,200
            PERSON         -------------------------------------------------
             WITH          7    SOLE DISPOSITIVE POWER

                                     NONE
                           -------------------------------------------------
                           8    SHARED DISPOSITIVE POWER

                                  88,200
- --------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                  88,200
- --------------------------------------------------------------------------

  10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
        [ ]  (SEE INSTRUCTIONS)

- --------------------------------------------------------------------------
  11    PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW 9   0.59%

- --------------------------------------------------------------------------
  12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
             IA
--------------------------------------------------------------------------

Page 3 of 6 Pages


ITEM 1(A)       NAME OF ISSUER:  Security National Financial Corporation

ITEM 1(B)       ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  5300 South 360 West, Suite 250
                  Salt Lake City, Utah 84123

ITEM 2(a)       NAME OF PERSON FILING:

                (i)  Jordan Capital Partners, L.P. (JCP),
                     with respect to shares of Common Stock directly
                     owned by it.

                (ii) Jordan Capital AM, LLC (JCAM) with
                     respect to the shares of Common Stock beneficially
                     owned by it and as the general partner of JCP,
		     with respect to the shares of Common Stock
                     directly owned by JCP and with respect to
                     shares of Common Stock directly owned by JCAM
                     separate client accounts.

                     The foregoing persons are hereinafter sometimes
                 collectively referred to as the Reporting Persons. Any
                 disclosures herein with respect to persons other than the
                 Reporting Persons are made on information and believe after
                 making inquiry to the appropriate party.

ITEM 2(b)        ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:

                 The address of the business office of each of the Reporting
                 Persons is 3500 Piedmont Rd NE, Suite 330, Atlanta, Georgia
                 30305.

ITEM 2(c)        CITIZENSHIP:

                 JCP is a limited partnership organized under the laws of
		 the State of Delaware. JCAM is a limited liability
                 company organized under the laws of the State of Delaware.

ITEM 2(d)        TITLE OF CLASS OF SECURITIES:

                 Class A Common Stock, $2.00 Par Value

ITEM 2(e)        CUSIP NUMBER: 814785309

ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13D-1(B) OR SS.
                240.13d-2(B) or (C), CHECK WHETHER THE PERSON FILING IS A:

        (a) [ ] Broker or dealer registered under section 15 of the Act (15
                U.S.C. 78o).

        (b) [ ] Bank as defined in section 3(a)(6) of the Act
                (15 U.S.C. 78c).

        (c) [ ] Insurance company as defined in section 3(a)(19) of the Act
                (15 U.S.C. 78c).

                                Page 4 of 6 Pages


        (d) [ ] Investment company registered under section 8 of the
                Investment Company Act of 1940 (15 U.S.C. 80a-8).


        (e) [X] An investment adviser in accordance with
                ss.240.13d-1(b)(1)(ii)(E);

        (f) [ ] An employee benefit plan or endowment fund in accordance with
                ss.240.13d-1(b)(1)(ii)(F);

        (g) [ ] A parent holding company or control person in accordance with
                ss.240.13d-1(b)(1)(ii)(G);

        (h) [ ] A savings associations as defined in Section 3(b) of the
                Federal Deposit Insurance Act (12 U.S.C. 1813);

        (i) [ ] A church plan that is excluded from the definition of an
                investment company under section 3(c)(14) of the Investment
                Company Act of 1940 (15 U.S.C. 80a-3);

        (j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

ITEM 4. OWNERSHIP:

        	This Statement is being filed with respect to an aggregate of
		588,200 shares of Class A Common Stock. Beneficial ownership
		of the class A Common Stock is as follows:

        1. Jordan Capital Partners, L.P.
           (a) Amount Beneficially owned: 500,000
           (b) Percent of Class: 3.34%
           The percentages used herein and in the rest of Item 4 are
           calculated based upon the 14,968,973 net shares of Class A
	   Common Stock issued and outstanding as disclosed in the Issuer's
           Form 10-Q for the quarter September 30, 2019, as filed with the
           Securities and Exchange Commission (SEC) on November 14, 2019.

           (c) (i)  Sole power to vote or direct the vote: -0-
              (ii) Shared power to vote or direct the vote: 500,000
             (iii) Sole power to dispose or direct the disposition: -0-
              (iv) Shared power to dispose or direct the disposition: 500,000

        2. Jordan Capital AM, LLC
           (a) Amount Beneficially owned: 88,200
           (b) Percent of Class: 0.59%
           (c) (i) Sole power to vote or direct the vote: -0-
              (ii) Shared power to vote or direct the vote: 88,200
             (iii) Sole power to dispose or direct the disposition: -0-
              (iv) Shared power to dispose or direct the disposition: 88,200

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 [x].

                                Page 5 of 6 Pages


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

        JCAM, the general partners of JCP, has the
        power to direct the affairs of JCP, including the voting and
        disposition of shares. As the discretionary investment manager of
        certain other separate client accounts, JCAM has power to
        direct the disposition of shares held by the separate client accounts.


ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
        THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
        CONTROL PERSON.  N/A

ITEM 8.         IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                See Item 2.

ITEM 9.         NOTICE OF DISSOLUTION OF GROUP. N/A


ITEM 10.        CERTIFICATION.

                By signing below I certify that, to the best of my
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.

                                    SIGNATURE

                After reasonable inquiry and to the best of my knowledge
and belief, I hereby certify that the information set forth in this statement
is true, complete and correct.

February 14, 2020
                                            /s/ Vadzim Yazvinski
                                            ----------------------------------
                                            Vadzim Yazvinski, as Manager
                                            of Jordan Capital AM, LLC
                                            for itself and as the
                                            general partner of Jordan
                                            Capital Partners, L.P. and as
					    investment manager for
                                            certain other accounts











                                Page 6 of 6 Pages