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: 2003-10-31

Reporting Person: QUIST GEORGE ROBERT JR (First Vice President Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-31	Class A Common Stock	S	1000	$6.20	Disposed	31371	Direct
2003-11-13	Class A Common Stock	S	1000	$6.10	Disposed	30371	Direct
2003-11-14	Class A Common Stock	S	1000	$6.50	Disposed	29371	Direct
2003-11-17	Class A Common Stock	S	300	$7.01	Disposed	29071	Direct
2003-11-17	Class A Common Stock	S	700	$7.00	Disposed	28371	Direct
2003-11-18	Class A Common Stock	S	200	$7.10	Disposed	28171	Direct
2003-11-18	Class A Common Stock	S	200	$6.77	Disposed	27971	Direct
2003-11-18	Class A Common Stock	S	800	$6.78	Disposed	27171	Direct
2003-11-21	Class A Common Stock	S	200	$6.80	Disposed	26971	Direct
2003-11-21	Class A Common Stock	S	2300	$6.71	Disposed	24671	Direct
2003-11-25	Class A Common Stock	S	1000	$6.73	Disposed	23671	Direct
2003-11-26	Class A Common Stock	S	700	$6.91	Disposed	22971	Direct
2003-11-26	Class A Common Stock	S	800	$6.90	Disposed	22171	Direct
2003-12-01	Class A Common Stock	S	200	$6.58	Disposed	21971	Direct
2003-12-01	Class A Common Stock	S	1300	$6.56	Disposed	20671	Direct
2003-12-02	Class A Common Stock	S	500	$6.90	Disposed	20171	Direct
2003-12-03	Class A Common Stock	S	1000	$7.00	Disposed	19171	Direct
2004-01-30	Class A Common Stock	S	300	$8.36	Disposed	18871	Direct
2004-01-30	Class A Common Stock	S	700	$8.26	Disposed	18171	Direct
2004-03-31	Class A Common Stock	M	4189	$2.40	Acquired	22360	Direct
2004-03-31	Class A Common Stock	M	2673	$4.26	Acquired	25033	Direct
2004-04-28	Class A Common Stock	S	250	$5.78	Disposed	24783	Direct
2004-04-29	Class A Common Stock	S	250	$6.75	Disposed	24533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-31	Employee Stock Option (right to buy)	$2.40	M	4189	Disposed	2011-11-29	Class A Common Stock (4189)	Direct
2004-03-31	Employee Stock Option (right to buy)	$4.26	M	2673	Disposed	2012-11-27	Class A Common Stock (2673)	Direct
2003-03-21	Employee Stock Option (right to buy)	$5.90	A	35000	Acquired	2013-03-21	Class A Common Stock (35000)	Direct

Footnotes

F1: Includes 5,462 shares of Class A Common Stock owned jointly by the reporting person and his wife, Beth Quist. On January 19,
2004, the reporting person received 700 shares of Class A Common Stock pursuant to a 5% stock dividend declared on December
4, 2003. Does not include 21,832 shares of Class C Common Stock owned jointly by the reporting person and his wife, Beth
Quist, and 32,238 shares of Class A Common Stock and 175,957 shares of Class C Common Stock owned indirectly by the
reporting person, including (A) 8,866 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 656 shares of Class A Common Stock the reporting person acquired under the 401(k) Plan
between April 1, 2003 and March 31, 2004, and 366 shares of Class A Common Stock that were allocated to the reporting

F2: 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) 704 shares of Class A Common Stock and 14,990
shares of Class C Common Stock held by Associated Investors, a Utah general partnership (including 185 shares of Class A
Common Stock and 1,310 shares of Class C Common Stock that were allocated to the reporting persons partner'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; (C) 12,959 shares of Class A Common Stock and 160,967 shares of Class C Common
Stock acquired under the Security National Financial Corporation Employee Stock Ownership Plan (ESOP), in reliance on old
Rule 16a-8(g)(3) (including 617 shares of Class A Common Stock and 7,665 shares of Class C Common Stock that were

F3: 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 (D) 9,709 shares
of Class A Common Stock
acquired under the Security National Financial Corporation Deferred Compensation Plan (including 1,566 shares of Class A
Common Stock the reporting person acquired under the Deferred Compensation Plan between April 1, 2003 and March 31, 2004,
and 462 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 reporting person disclaims voting 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 35,000 shares of Class A Common Stock under the Security National Financial
Corporation 1993 Stock Option Plan. The options became exercisable on March 31, 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 grant or March 21, 2008, or (ii) two years following the date
these options have been exercised by the reporting person.