X0306 4 2018-11-30 0 0000318673 SECURITY NATIONAL FINANCIAL CORP SNFCA 0001488171 Stephens Jeffrey Russell 38 NORTHRIDGE WAY SANDY UT 84092 0 1 0 0 Sr. Gen Council; Corp Sec Employee Stock Option (right to buy) 1.15 2012-04-13 4 A 0 3351 1.15 A 2012-07-13 2022-04-13 Class A Common Stock 3351 3351 D Employee Stock Option (right to buy) 3.75 2013-12-06 4 A 0 3191 3.75 A 2014-03-06 2023-12-06 Class A Common Stock 3191 3191 D Employee Stock Option (right to buy) 3.51 2014-07-02 4 A 0 3039 3.51 A 2014-10-02 2024-07-02 Class A Common Stock 3039 3039 D Employee Stock Option (right to buy) 4.09 2014-12-05 4 A 0 6078 4.09 A 2015-03-05 2024-12-05 Class A Common Stock 6078 6078 D Employee Stock Option (right to buy) 5.76 2015-12-04 4 A 0 5789 5.76 A 2016-03-04 2025-12-04 Class A Common Stock 5789 5789 D Employee Stock Option (right to buy) 6.35 2016-12-02 4 A 0 5513 6.35 A 2017-03-02 2026-12-02 Class A Common Stock 5513 5513 D Employee Stock Option (right to buy) 4.8 2017-12-01 4 A 0 5250 4.8 A 2018-03-01 2027-12-01 Class A Common Stock 5250 5250 D Employee Stock Option (right to buy) 5.52 2018-11-30 4 A 0 7500 5.52 A 2019-02-28 2028-11-30 Class A Common Stock 7500 7500 D 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. 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. 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. 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. 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. 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. 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 is fully vested on December 1, 2018. This option was granted on November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share. This option vests in four equal quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested. /s/ Jeffrey R. Stephens 2018-12-31