# EDGAR Filing Document

**Accession Number:** 0001568673
**File Stem:** 0001096906-23-000225
**Filing Date:** 2023-1
**Character Count:** 12721
**Document Hash:** 180569ca61dc775e5c527905b4f713e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001096906-23-000225.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001096906-23-000225

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221202

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Sill Garrett S.
- **CENTRAL INDEX KEY:** 0001568673

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-09341
- **FILM NUMBER:** 23565709

**MAIL ADDRESS:**
- **STREET 1:** 2463 SOUTH 1375 WEST
- **CITY:** SYRACUSE
- **STATE:** UT
- **ZIP:** 84075
**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

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Sill Garrett S.<br><sub>(Last) (First) (Middle)</sub><br>2463 SOUTH 1375 WEST<br><sub>(Street)</sub><br>SYRACUSE, UT 84075<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Financial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SECURITY NATIONAL FINANCIAL CORP [ SNFCA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Stock Option (right to buy) | 2.9800<sup>(1)</sup> | 2013-12-06 |  | A |  | 6362 |  | 2014-03-06 | 2023-12-06 | Class A Common Stock | 6362 | $2.9800 | 6362 | D |  |
| Employee Stock Option (right to buy) | 2.7800<sup>(2)</sup> | 2014-07-02 |  | A |  | 6059 |  | 2014-10-02 | 2024-07-02 | Class A Common Stock | 6059 | $2.7800 | 12421 | D |  |
| Employee Stock Option (right to buy) | 3.2600<sup>(3)</sup> | 2014-12-05 |  | A |  | 12115 |  | 2015-03-05 | 2024-12-05 | Class A Common Stock | 12115 | $3.2600 | 24536 | D |  |
| Employee Stock Option (right to buy) | 3.8100<sup>(4)</sup> | 2017-12-01 |  | A |  | 19623 |  | 2018-03-01 | 2027-12-01 | Class C Common Stock | 19623 | $3.8100 | 44159 | D |  |
| Employee Stock Option (right to buy) | 4.3900<sup>(5)</sup> | 2018-11-30 |  | A |  | 24918 |  | 2019-02-28 | 2028-11-30 | Class C Common Stock | 24918 | $4.3900 | 69077 | D |  |
| Employee Stock Option (right to buy) | 4.5700<sup>(6)</sup> | 2019-12-06 |  | A |  | 29664 |  | 2020-03-06 | 2029-12-06 | Class C Common Stock | 29664 | $4.5700 | 98741 | D |  |
| Employee Stock Option (right to buy) | 3.3200<sup>(7)</sup> | 2020-03-27 |  | A |  | 28251 |  | 2020-06-27 | 2030-03-27 | Class C Common Stock | 28251 | $3.3200 | 126992 | D |  |
| Employee Stock Option (right to buy) | 8.1900<sup>(8)</sup> | 2021-12-03 |  | A |  | 31500 |  | 2022-03-03 | 2031-12-03 | Class C Common Stock | 31500 | $8.1900 | 158492 | D |  |
| Employee Stock Option (right to buy) | 6.4800<sup>(9)</sup> | 2022-12-02 |  | A |  | 35000 |  | 2023-03-02 | 2032-12-02 | Class C Common Stock | 35000 | $6.4800 | 193492 | D |  |

---

### Footnotes:

(1) This option was granted on December 6, 2013 as an option for 4,000 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 a 5% stock dividend paid on February 7, 2014, 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.

(2) This option was granted on July 2, 2014 as an option for 4,000 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 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.

(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.

(6) This option was granted on December 6, 2019 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 25,000 shares of Class C Common Stock at an exercise priceof $5.46 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 $5.46 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 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.

(7) This option was granted on March 27, 2020 as an option for either 25,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 25,000 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 25,000 shares of Class C Common Stock at an exercise price of $3.76 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect 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.

(8) This option was granted on December 3, 2021 as an option for either 30,000 shares of Class A Common Stock at an exercise price of $8.62 per share or 30,000 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 30,000 shares of Class C Common Stock at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022.

(9) This option was granted on December 02, 2022 as an option for either 35,000 shares of Class A Common Stock at an exercise price of $6.48 per share or 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share. The option vests in four equal quarterly installments of Class C Common Stock, beginning on March 3, 2023, until such shares are fully vested.

**Signature:** /s/ Garrett S. Sill  
**Date:** 2023-01-27

### Remarks:

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 Number.**