Sec Form 4 Filing - Stephens Jeffrey Russell @ SECURITY NATIONAL FINANCIAL CORP - 2018-02-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Stephens Jeffrey Russell
2. Issuer Name and Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP [ SNFCA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. Gen Council; Corp Sec
(Last) (First) (Middle)
38 NORTHRIDGE WAY
3. Date of Earliest Transaction (MM/DD/YY)
02/02/2018
(Street)
SANDY, UT84092
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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)
Code V Amount (A) or (D) Price
Class A Common Stock 02/01/2018 J( 1 ) V 42 A $ 4.8 889 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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/YY)
7. Title and Amount of Underlying Securities
(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) $ 1.15 ( 3 ) 04/13/2012 A 3,351 ( 3 ) 07/13/2012 04/13/2022 Class A Common Stock 3,351 ( 3 ) $ 1.15 ( 3 ) 3,351 ( 3 ) D
Employee Stock Option (right to buy) $ 3.75 ( 4 ) 12/06/2013 A 3,191 ( 4 ) 03/06/2014 12/06/2023 Class A Common Stock 3,191 ( 4 ) $ 3.75 ( 4 ) 3,191 ( 4 ) D
Employee Stock Option (right to buy) $ 3.51 ( 5 ) 07/02/2014 A 3,039 ( 5 ) 10/02/2014 07/02/2024 Class A Common Stock 3,039 ( 5 ) $ 3.51 ( 5 ) 3,039 ( 5 ) D
Employee Stock Option (right to buy) $ 4.09 ( 6 ) 12/05/2014 A 6,078 ( 6 ) 03/05/2015 12/05/2024 Class A Common Stock 6,078 ( 6 ) $ 4.09 ( 6 ) 6,078 ( 6 ) D
Employee Stock Option (right to buy) $ 5.76 ( 7 ) 12/04/2015 A 5,789 ( 7 ) 03/04/2016 12/04/2025 Class A Common Stock 5,789 ( 7 ) $ 5.76 ( 7 ) 5,789 ( 7 ) D
Employee Stock Option (right to buy) $ 6.35 ( 8 ) 12/02/2016 A 5,513 ( 8 ) 03/02/2017( 8 ) 12/02/2026 Class A Common Stock 5,513 ( 8 ) $ 6.35 ( 8 ) 5,513 ( 8 ) D
Employee Stock Option (right to buy) $ 4.8 ( 9 ) 12/01/2017 A 5,250 ( 9 ) 03/01/2018( 9 ) 12/01/2027 Class A Common Stock 5,250 ( 9 ) $ 4.8 ( 9 ) 5,250 ( 9 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stephens Jeffrey Russell
38 NORTHRIDGE WAY
SANDY, UT84092
Sr. Gen Council; Corp Sec
Signatures
/s/ Jeffrey R. Stephens 07/02/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Received pursuant to a stock dividend paid on February 2, 2018.
( 2 )Does not include 79,030 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan
( 3 )This option was granted on April 13, 2012 as an option for 5,000 shares of Class A Common Stock at an exercise price of $1.56 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, and February 2, 2018. On December 4, 2012, the reporting person exercised part of these options to purchase 2,500 shares of Class A Common Stock.
( 4 )This option was granted on December 6, 2013 as an option for 2,500 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 2013 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, and February 2, 2018.
( 5 )This option was granted on July 2, 2014 as an option for 2,500 shares of Class A Common Stock at an exercise price of $4.29 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, and February 2, 2018.
( 6 )This option was granted on December 5, 2014 as an option for 5,000 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 5, 2016, February 3, 2017, and February 2, 2018.
( 7 )This option was granted on December 4, 2015 as an option for 5,000 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, and February 2, 2018.
( 8 )This option was granted on December 2, 2016 as an option for 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 and February 2, 2018.
( 9 )This option was granted on December 1, 2017 as an option for 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 a 5% stock dividend paid on February 2, 2018. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 1, 2018, until such shares are fully vested.

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