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: 2005-10-25

Reporting Person: Moody Howard Craig (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-25	Class A Common Stock	M	1276	$2.25	Acquired	2201	Direct
2005-10-25	Class A Common Stock	F	714	$3.15	Disposed	1487	Direct
2006-01-20	Class A Common Stock	J	74	$3.74	Acquired	1561	Direct
2006-10-19	Class A Common Stock	M	1276	$2.55	Acquired	2837	Direct
2006-10-19	Class A Common Stock	F	477	$5.34	Disposed	2360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2002-11-01	Director Stock Option (right to buy)	$2.47	A	1215	Acquired	2007-11-01	Class A Common Stock (1215)	Direct
2003-11-01	Director Stock Option (right to buy)	$5.19	A	1158	Acquired	2008-11-01	Class A Common Stock (1158)	Direct
2004-11-01	Director Stock Option (right to buy)	$3.49	A	1103	Acquired	2009-11-01	Class A Common Stock (1103)	Direct
2005-10-25	Director Stock Option (right to buy)	$1.76	M	1276	Disposed	2005-11-01	Class A Common Stock (1276)	Direct
2006-11-01	Director Stock Option (right to buy)	$2.98	A	1050	Acquired	2010-11-01	Class A Common Stock (1050)	Direct
2006-10-19	Director Stock Option (right to buy)	$2	M	1276	Disposed	2006-11-01	Class A Common Stock (1276)	Direct
2006-12-07	Director Stock Option (right to buy)	$5.31	A	1000	Acquired	2016-12-07	Class A Common Stock (1000)	Direct

Footnotes

F1: On January 20, 2006, the reporting person received 74 shares of Class A Common Stock pursuant to a stock dividend declared on December 12, 2005.

F2: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $3.00 per share, but adjusted to reflect 5% stock dividends on January 15, 2003, January 5, 2004, January 22, 2005 and January 20, 2006.

F3: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $6.01 per share, but adjusted to reflect 5% stock dividends on January 5, 2004, January 22, 2005 and January 20, 2006.

F4: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $3.85 per share, but adjusted to reflect 5% stock dividends on January 22, 2005 and January 20, 2006.

F5: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $2.25 per share, but adjusted to reflect 5% stock dividends on January 3, 2001, January 8, 2002, January 15, 2003, January 5, 2004 and January 22, 2005.

F6: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $3.13 per share, but adjusted to reflect the 5% stock dividends by the Company declared on December 12, 2005 and paid on January 20, 2006. The option became exerciseable on November 1, 2006.

F7: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $2.55 per share, but adjusted to reflect 5% stock dividends on January 8, 2002, January 15, 2003, January 5, 2004, January 22, 2005 and January 20, 2006.