SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2007

Jul 30, 2007

SEC Form 4/A — Form 4/A

Issuer: SECURITY NATIONAL FINANCIAL CORP (nasdaq)
CIK: 0000318673
Period of Report: 2007-05-31

Reporting Person: QUIST SCOTT M (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-19	Class A Common Stock	J	9317	$5.31	Acquired	195663	Direct
2007-01-19	Class C Common Stock	J	2520	$5.31	Acquired	52913	Direct
2007-05-31	Class C Common Stock	M	578813	$0.31	Acquired	631726	Direct
2007-05-31	Class A Common Stock	F	30769	$5.85	Disposed	164894	Direct
2007-05-31	Class C Common Stock	M	578812	$0.28	Acquired	1210538	Direct
2007-05-31	Class A Common Stock	F	27607	$5.85	Disposed	137287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-03-21	Employee Stock Option (right to buy)	$4.81	A	85085	Acquired	2013-03-21	Class A Common Stock (85085)	Direct
2005-03-25	Employee Stock Option (right to buy)	$3.17	A	77175	Acquired	2015-03-25	Class A Common Stock (77175)	Direct
2007-05-31	Employee Stock Option (right to buy)	$0.31	M	578813	Acquired	2017-07-16	Class C Common Stock (578813)	Direct
2007-05-31	Employee Stock Option (right to buy)	$0.28	M	578812	Acquired	2014-12-10	Class C Common Stock (575812)	Direct

Footnotes

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

F2: Delivery of shares of Class A Common Stock to pay option exercise price pursuant to cashless exercise of options to purchase 578,813 shares of Class C Common Stock. The Class C common shares, which are not actively traded, may be converted into Class A common shares at one share of Class A Common Stock for ten shares of Class C Common Stock.

F3: Owned jointly by the reporting person and his wife. Does not include 124,881 shares of Class A Common Stock and 230,519 shares of Class C Common Stock owend indirectly by the reporting person in the ESOP, Associated Investors, the 401(k) Plan and the Deferred Compensation Plan.

F4: This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted to reflect 5% stock dividends on January 5, 2004, January 22, 2005, January 20, 2006 and January 19, 2007.

F5: This option was previously reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted to reflect the 5% stock dividend on January 20, 2006 and January 19, 2007.

F6: This option was originally reported covering 500,000 shares of Class C Common Stock at an exercise price of $.36 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006 and January 19, 2007.

F7: This option was originally reported as covering 500,000 shares of Class C Common Stock at an exercise price of $.32 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006 and January 19, 2007.