SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2007

Jan 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2006-12-21

Reporting Person: Christie Overbaugh (Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-20	Class A Common Stock	J	1018	$3.74	Acquired	21375	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-10	Employee Stock Option (right to buy)	$2.93	A	8269	Acquired	2014-12-10	Class A Common Stock (8269)	Direct
2005-03-25	Employee Stock Option (right to buy)	$3.34	A	21000	Acquired	2015-03-25	Class A Common Stock (21000)	Direct

Footnotes

F1: Received pursuant to a 5% stock dividend paid on January 20, 2006.

F2: Owned jointly by the reporting person and her son or daughter. Does not include 39,731 shares of Class A Common Stock and 110,776 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, the Employee Stock Ownership Plan (ESOP) and the Deferred Compensation Plan.

F3: This option was originally reported as covering 7,500 shares of Class A Common Stock at an exercise price of $3.23 per share, but adjusted to reflect 5% stock dividends on January 22, 2005 and January 20, 2006.

F4: This option was originally reported as covering 20,000 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.