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: QUIST SCOTT M (Director, President, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Class A Common Stock	M	30307	$2.40	Acquired	151229	Direct
2003-12-30	Class A Common Stock	M	17792	$4.26	Acquired	169021	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	30307	Disposed	2011-11-29	Class A Common Stock (30307)	Direct
2003-12-30	Employee Stock Option (right to buy)	$4.26	M	17792	Disposed	2012-11-27	Class A Common Stock (17792)	Direct
2003-03-21	Employee Stock Option (right to buy)	$5.90	A	70000	Acquired	2013-03-21	Class A Common Stock (70000)	Direct

Footnotes

F1: Owned jointly by the reporting person and his wife, Lisa Quist. On January 19, 2004, the reporting person received 8,049
shares of Class A Common Stock pursuant to a 5% stock dividend declared on December 4, 2003. Does not include 45,708 shares
of Class A Common Stock owned jointly by the reporting person and his wife, Lisa Quist, and 80,461 shares of Class A Common
Stock and 275,797 shares of Class C Common Stock owned indirectly by the reporting person, including (A) 14,322 shares of
Class A Common Stock and 23,376 shares of Class C Common Stock held by Associated Investors, a Utah general partnership
(including 948 shares of Class A Common Stock and 6,700 shares of Class C Common Stock that were allocated to the reporting
persons partner's account in Associated Investors 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) 24,246
share

F2: of Class A Common Stock acquired pursuant ot the Security National Financial Corporation Tax-Favored Retirement Savings Plan
(401(k) Plan) and allocated to the reporting person's account (including 2,141 shares of Class A Common Stock the reporting
person acquired under the 401(k) Plan between April 1, 2003 and March 31, 2004, and 1,001 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; (C) 19,323 shares of
Class A Common Stock and 252,421 shares of Class C Common Stock acquired under the Employee Stock Ownership Plan (ESOP), in
reliance on old Rule 16a-8(g)(3), (including 920 shares of Class A Common Stock and 12,020 shares of Class C Common Stock
that were allocated to the reporting person's account on January 19, 2004 pursuant to a 5% stock dividend

F3: declared on December 4, 2003), of which the reporting person disclaims voting and investment powers with respect to such
shares; and (D) 22,570 shares of
Class A Common Stock acquired under the Security National Financial Corporation Deferred Compensation Plan (including 3,833
shares of Class A Common Stock the reporting person acquired under the Deferred Compensation Plan between April 1, 2003 and
March 31, 2004, and 1,075 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 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 70,000 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 the grant, or March 21, 2008, or (ii) two years following the
date these options have been exercised by the reporting person.