0001096906-12-000492.txt : 20120307 0001096906-12-000492.hdr.sgml : 20120307 20120307132943 ACCESSION NUMBER: 0001096906-12-000492 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111202 FILED AS OF DATE: 20120307 DATE AS OF CHANGE: 20120307 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: QUIST SCOTT M CENTRAL INDEX KEY: 0001268844 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-09341 FILM NUMBER: 12673540 MAIL ADDRESS: STREET 1: 7 WANDERWOOD WAY CITY: SANDY STATE: UT ZIP: 84092 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY NATIONAL FINANCIAL CORP CENTRAL INDEX KEY: 0000318673 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 870345941 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: PO BOX 57220 CITY: SALT LAKE CITY STATE: UT ZIP: 84157 BUSINESS PHONE: 8012641060 MAIL ADDRESS: STREET 1: PO BOX 57220 CITY: SALT LAKE CITY STATE: UT ZIP: 84157 FORMER COMPANY: FORMER CONFORMED NAME: SNL FINANCIAL CORP DATE OF NAME CHANGE: 19910401 4 1 primary_doc.xml PRIMARY DOCUMENT X0304 4 2011-12-02 0 0000318673 SECURITY NATIONAL FINANCIAL CORP SNFCA 0001268844 QUIST SCOTT M 7 WANDERWOOD WAY SANDY UT 84092 1 1 1 0 President,Chief Operating Offi Class A Common Stock 2012-02-03 5 J 0 E 8344 1.43 A 175217 D Class C Common Stock 2012-02-03 5 J 0 E 73571 0.143 A 1544989 D Employee Stock Option (right to buy) 3.8 2003-03-21 4 A 0 108593 3.8 A 2003-03-21 2013-03-21 Class A Common Stock 108593 108593 D Employee Stock Option (right to buy) 2.49 2005-03-25 4 A 0 98497 2.49 A 2005-03-25 2015-03-25 Class A Common Stock 98497 98497 D Employee Stock Option (right to buy) 0.348 2008-03-31 4 A 0 607754 0.348 A 2009-03-31 2013-03-31 Class C Common Stock 607754 607754 D Employee Stock Option (right to buy) 1.36 2008-12-05 4 A 0 47312 1.36 A 2009-12-05 2013-12-05 Class A Common Stock 47312 47312 D Employee Stock Option (right to buy) 0.136 2008-12-05 4 A 0 742395 0.136 A 2009-12-05 2013-12-05 Class C Common Stock 742395 742395 D Employee Stock Option (right to buy) 0.334 2009-12-04 4 A 0 1157625 0.334 A 2010-03-31 2014-12-04 Class C Common Stock 1157625 1157625 D Employee Stock Option (right to buy) 0.183 2010-12-03 4 A 0 1102500 0.183 A 2011-03-31 2015-12-03 Class C Common Stock 1102500 1102500 D Employee Stock Option (right to buy) 1.37 2011-12-02 4 A 0 105000 1.37 A 2011-03-31 2015-12-02 Class A Common Stock 105000 105000 D Received pursuant to a 5% stock dividend declared on December 2, 2011 and paid on February 3, 2012. Owned jointly by the reporting person and his wife. Does not include 230,644 shares of Class A Common Stock and 335,213 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), Associated Investors, the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan. This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted pursuant to the anti-dilution provisions of the 1993 Stock Option Plan to reflect 5% stock dividends paid on January 19, 2004, February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012. This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012. This option was originally granted as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.24 per share or 500,000 share of Class C Common Stock at an exercise price of $0.424 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 500,000 shares of Class C Common Stock at an exercise price of $0.424 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012. This option was originally granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share or 1,000,000 share of Class C Common Stock at an exercise price of $0.165 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 38,923 shares of Class A Common Stock at an exercise price of $1.65 per share and 610,770 shares of Class C Common Stock at an exercise price of $0.165 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012. This option was originally granted as an option for either 100,000 share of Class A Common Stock at an exercise price of $3.87 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.387 per share. or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price of $.387 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to relfect 5% stock dividends paid on Feburary 5, 2010, February 4, 2011 and February 3, 2012. This option was originally granted as an option for either 100,000 shares of Class A Commono Stock at an exercise price of $2.01 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.201 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price of $0.201 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to relfect 5% stock dividends paid on Febuary 4, 2011 and February 12, 2012. This option was granted on December 2, 2011 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.143 per share, or any combination thereof. Because there are only five shares of Class C Common Stock remaining to be issued under the 2003 Stock Option Plan, the reporting person cannot elect at this time the option for 1,000,000 shares of Class C Common Stock. Thus this option reflects an option for 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 3, 2012. This option vests in four equal quarterly installments, beginning on March 31, 2012, until such shares are fully vested. At such time as the Stock Option Plan is amended to provide for the issuance of an additional 1,000,000 shares of Class C Common Stock, the reporting person will elect to have the option for 1,000,000 shares of Class C common Stock at an exercise price of $0.143 per share. /s/Scott M. Quist 2012-03-07