SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2007

Aug 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (nasdaq)
CIK: 0000318673
Period of Report: 2007-01-19

Reporting Person: Quist George Robert (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-19	Class A Common Stock	J	37238	$5.31	Acquired	781992	Direct
2007-01-19	Class C Common Stock	J	176332	$5.31	Acquired	3702953	Direct
2007-07-31	Class A Common Stock	P	2	$5.51	Acquired	781994	Direct
2007-08-10	Class A Common Stock	P	106	$5.51	Acquired	782100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-16	Employee Stock Option (right to buy)	$3.59	A	55125	Acquired	2009-07-16	Class A Common Stock (55125)	Direct
2004-12-10	Employee Stock Option (right to buy)	$3.22	A	55125	Acquired	2009-12-10	Class A Common Stock (55125)	Direct
2005-03-25	Employee Stock Option (right to buy)	$3.68	A	73500	Acquired	2010-03-25	Class A Common Stock (73500)	Direct

Footnotes

F1: Received pursuant to a 5% stock dividend paid on January 19, 2007.

F2: Includes 522,817 shares of Class A Common Stock and 3,702,953 shares of Class C Common Stock owned by the George R. and Shirley C. Quist Family Partnership, Ltd. Does not include 76,115 shares of Class A Common Stock and 518,816 shares of Class C Common Stock owned indrectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, the Employee Stock Ownership Plan (ESOP) and the Deferred Compensation Plan.

F3: This option was originally reported as covering 50,000 shares of Class A Common Stock at an exercise price of $3.96 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006, and January 19, 2007.

F4: This option was originally reported as covering 50,000 shares of Class A Common Stockat an exercise price of $3.55 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006, and January 19, 2007.

F5: This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.86 per share, but adjusted to reflect the 5% stock dividend on January 20, 2006 and January 19, 2007.