SEC FORM 5

SEC FORM 5 SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Quist S. Andrew

(Last)

(First)

(Middle)

3936 S. HALE DR.

(Street)

MILLCREEK

84124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP [ SNFCA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP and General Counsel

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/22/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class C Common Stock	12/22/2021		G	5,000	D	$8.76	12,828	D
Class C Common Stock	12/30/2021		G	5,000	D	$9.3	7,828	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option(right to buy)	$0.96⁽¹⁾	04/13/2012		A	23,852⁽¹⁾		07/13/2012	04/13/2022	Class A Common Stock	23,852⁽¹⁾	$0.96⁽¹⁾	23,852⁽¹⁾	D
Employee Stock Option(right to buy)	$3.14⁽²⁾	12/06/2013		A	15,144⁽²⁾		03/06/2014	12/06/2023	Class A Common Stock	15,144⁽²⁾	$3.14⁽²⁾	15,144⁽²⁾	D
Employee Stock Option(right to buy)	$2.93⁽³⁾	07/02/2014		A	14,423⁽³⁾		10/02/2014	07/02/2024	Class A Common Stock	14,423⁽³⁾	$2.93⁽³⁾	14,423⁽³⁾	D
Employee Stock Option(right to buy)	$3.43⁽⁴⁾	12/05/2014		A	28,847⁽⁴⁾		03/05/2015	12/05/2024	Class A Common Stock	28,847⁽⁴⁾	$3.43⁽⁴⁾	28,847⁽⁴⁾	D
Employee Stock Option(right to buy)	$4.82⁽⁵⁾	12/04/2015		A	27,473⁽⁵⁾		03/04/2016	12/04/2025	Class A Common Stock	27,473⁽⁵⁾	$4.82⁽⁵⁾	27,473⁽⁵⁾	D
Employee Stock Option(right to buy)	$5.31⁽⁶⁾	12/02/2016		A	26,165⁽⁶⁾		03/02/2017	12/02/2026	Class A Common Stock	26,165⁽⁶⁾	$5.31⁽⁶⁾	26,165⁽⁶⁾	D
Employee Stock Option(right to buy)	$4.01⁽⁷⁾	12/01/2017		A	24,919⁽⁷⁾		03/01/2018	12/01/2027	Class C Common Stock	24,919⁽⁷⁾	$4.01⁽⁷⁾	24,919⁽⁷⁾	D
Employee Stock Option(right to buy)	$4.62⁽⁸⁾	11/30/2018		A	29,665⁽⁸⁾		02/28/2019	11/30/2028	Class C Common Stock	29,665⁽⁸⁾	$4.62⁽⁸⁾	29,665⁽⁸⁾	D
Employee Stock Option(right to buy)	$4.81⁽⁹⁾	12/06/2019		A	45,203⁽⁹⁾		03/06/2020	12/06/2029	Class C Common Stock	45,203⁽⁹⁾	$4.81⁽⁹⁾	45,203⁽⁹⁾	D
Employee Stock Option(right to buy)	$3.49⁽¹⁰⁾	03/27/2020		A	43,050⁽¹⁰⁾		06/27/2020	03/27/2030	Class C Common Stock	43,050⁽¹⁰⁾	$3.49⁽¹⁰⁾	43,050⁽¹⁰⁾	D
Employee Stock Option(right to buy)	$8.62⁽¹¹⁾	12/03/2021		A	60,000⁽¹¹⁾		03/03/2022	12/03/2031	Class C Common Stock	60,000⁽¹¹⁾	$8.62⁽¹¹⁾	60,000⁽¹¹⁾	D

Explanation of Responses:

1. This option was granted on April 13, 2012 as an option for 15,000 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, February 2, 2018, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

2. This option was granted on December 6, 2013 as an option for 10,000 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 Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (the "2013 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

3. This option was granted on July 2, 2014 as an option for 10,000 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, February 2, 2018, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

4. This option was granted on December 5, 2014 as an option for 20,000 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

5. This option was granted on December 4, 2015 as an option for 20,000 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

6. This option was granted on December 2, 2016 as an option for 20,000 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

7. This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 20,000 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 20,000 shares of Class C 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

8. This option was granted on November 30, 2018 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 25,000 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 25,000 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 5% stock dividends paid on February 1, 2019 and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

9. This option was granted on December 6, 2019 as an option for either 40,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 40,000 shares of Class C Common Stock at an exercise price of $5.46 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 40,000 shares of Class C Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 6, 2020, until such shares are fully vested; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

10. This option was granted on March 27, 2020 as an option for either 40,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 40,000 shares of Class C Common Stock at an exercise price of $3.76 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 40,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option vests in four equal quarterly installments of Class C Common Stock, beginning on June 27, 2020, until such shares are fully vested; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021.

11. This option was granted on December 3, 2021 as an option for either 60,000 shares of Class A Common Stock at an exercise price of $8.62 per share or 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share. This option reflects the reporting person's electionto have an option for 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share. The option vests in four equal quarterly installments of Class C Common Stock, beginning on March 3, 2022, until such shares are fully vested.

	/s/ Andrew Quist	01/24/2022
	** Signature of Reporting Person	Date
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SEC Form 5: Quist S. Andrew gifted 10,000 units of Class C Common Stock, decreasing direct ownership by 56% to 7,828 units