SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2004

Jun 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2003-12-31

Reporting Person: SILL STEPHEN M (Vice President-Treasurer, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Class A Common Stock	M	5675	$2.40	Acquired	14735	Direct
2003-12-30	Class A Common Stock	M	2181	$4.26	Acquired	16916	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-30	Employee Stock Option (right to buy)	$2.40	M	5675	Disposed	2011-11-29	Class A Common Stock (5675)	Direct
2003-12-30	Employee Stock Option (right to buy)	$4.26	M	2181	Disposed	2012-11-27	Class A Common Stock (2181)	Direct
2003-03-21	Employee Stock Option (right to buy)	$5.90	A	10000	Acquired	2013-03-21	Class A Common Stock (10000)	Direct

Footnotes

F1: Owned jointly by the reporting person and his wife, Vorelle P. Sill. On January 19, 2004, the reporting person received 806
shares of Class A Common Stock pursuant to a 5% stock dividend declared on December 4, 2003. Does not include 25,747 shares
of Class A Common Stock owned indirectly by the reporting person, including (A) 20,304 shares of Class A Common Stock
acquired pursuant to the Security National Financial Corporation Tax-Favored Retirement Savings Plan 401(k) Plan and
allocated to the reporting person's account (including 1,056 shares of Class A Common Stock the reporting person acquired
under the 401(k) Plan between April 1, 2003 and March 31, 2004, and 845 shares of Class A Common Stock that were allocated
to the reporting person's account on January 19, 2004 pursuant to a 5% stock dividend declared on December 4, 2003), of
which the reporting person disclaims voting and investment powers with respect to such shares; (B) 3,474 shares of Class A
Common Stoc

F2: acquired under the Security National Financial Corporation Employee Stock Ownership Plan (ESOP), in reliance on old Rule
16a-8(g)(3) (including 165 shares of Class A Common Stock that were allocated to the reporting person's account on January
19, 2004, pursuant to a 5% stock dividend declared on December 4, 2003), of which the reporting person disclaims voting and
investment powers with respect to such shares; and (C) 1,969 shares of Class A Common Stock acquired under the Deferred
Compensation Plan (including 1,875 shares of Class A Common Stock the reporting person acquired under the Deferred
Compensation Plan between April 1, 2003 and March 31, 2004, and 94 shares of Class A Common Stock that were allocated to the
reporting person's account on January 19, 2004 pursuant to a 5% stock dividend on December 4, 2003), of which

F3: the reporting person disclaims voting and investment powers with respect to such shares. The reporting person disclaims
beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F4: Grant to reporting person of options to purchase 10,000 shares of Class A Common Stock under the Security National Financial
Corporation 1993 Stock Option Plan. The options became exercisable on March 21, 2003, but any shares of Class A Common
Stock acquired from the exercise of the options shall be forfeited if the reporting person does not remain employed by the
Company for the later of (i) five years following the date of grant, or March 21, 2008, or (ii) two years following the date
these options have been exercised by the reporting person.