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: BECKSTEAD JACK LYNN JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Class Common Stock	M	7502	$2.75	Acquired	8899	Direct
2003-12-30	Class A Common Stock	M	10956	$3.39	Acquired	19855	Direct
2003-12-30	Class A Common Stock	M	4189	$4.26	Acquired	24044	Direct
2004-03-31	Class A Common Stock	M	8355	$2.40	Acquired	32399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-30	Employee Stock Option (right to buy)	$2.75	M	7502	Disposed	2010-05-18	Class A Common Stock (7502)	Direct
2003-12-30	Employee Stock Option (right to buy)	$3.39	M	10956	Disposed	2012-09-20	Class A Common Stock (10956)	Direct
2003-12-30	Employee Stock Option (right to buy)	$4.26	M	4189	Disposed	2012-11-27	Class A Common Stock (4189)	Direct
2004-03-31	Employee Stock Option (right to buy)	$2.40	M	8355	Disposed	2011-11-29	Class A Common Stock (8355)	Direct
2003-03-21	Employee Stock Option (right to buy)	$5.90	A	15000	Acquired	2013-03-21	Class A Common Stock (15000)	Direct

Footnotes

F1: Owned jointly by the reporting person and his wife, Karen Beckstead. On January 19, 2004, the reporting person received
1,145 shares of Class A Common Stock pursuant to a 5% stock dividend declared on December 4, 2003. Does not include 37,839
shares of Class A Common Stock owned indirectly by the reporting person, including (A) 31,781 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 2,532 shares of Class A Common Stock the reporting person acquired
under the 401(k) Plan between April 1, 2003 and March 31, 2004, and 1,315 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 ahd investment powers with respect to such shares; (B) 3,958 shares of Class A
Commo

F2: stock acquired under the Security National Financial Corporation Employee Stock Ownership Plan (ESOP), in reliance on old
Rule 16a-8(g)(3)
(including 500 shares of Class A Common Stock the reporting person acquired under the ESOP between April 1, 2003 and March
31, 2004, and 189 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) 2,100 shares of Class A Common Stock acquired under the Deferred Compensation
Plan (including 2,000 shares of Class A Common Stock the reporting person acquired under the Deferred Compensation Plan
between April 1, 2003 and March 31, 2004, and 100 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 the

F3: the reporting person disclaimed 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 15,000 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 acquried 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 the grant, or March 21, 2008, or (ii) two years following the
date these options have been exercised by the reporting person.