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: 2005-08-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-11	Class A Common Stock	P	80	$3.19	Acquired	661509	Direct
2005-09-30	Class A Common Stock	P	460	$3.11	Acquired	661.969	Direct
2005-12-01	Class A Common Stock	J	1930	$3.6	Acquired	663899	Direct
2006-01-20	Class A Common Stock	J	33137	$3.74	Acquired	697036	Direct
2006-01-20	Class C Common Stock	J	167935	$3.74	Acquired	3526621	Direct
2006-11-28	Class A Common Stock	J	1667	$5.5	Acquired	698703	Direct
2006-11-29	Class A Common Stock	M	51051	$5.69	Acquired	749754	Direct
2006-12-29	Class A Common Stock	G	2500	$5.5	Disposed	742254	Direct
2007-01-02	Class A Common Stock	G	2500	$5.5	Disposed	744754	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-16	Employee Stocl 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
2006-11-28	Employee Stock Option (right to buy)	$2.07	M	51051	Disposed	2006-11-29	Class A Common Stock (51051)	Direct

Footnotes

F1: Mandatory retirement disbursement from the Employee Stock Ownership Plan (ESOP) because the reporting person is over 70 1/2 years of age.

F2: Received pursuant to a 5% stock dividend paid on January 20, 2006.

F3: Includes 451,870 shares of Class A Common Stock and 3,526,621 shares of Class C Common Stock owned by the George R. and Shirley C. Quist Family Partnership, Ltd. Does not include 72,488 shares of Class A Common Stock and 494,110 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, the Employee Stock Ownership Plan (ESOP) and the Deferred Compensation Plan.

F4: Mandatory retirement disbursement from the Employee Stock Ownership Plan (ESOP) because the reporting person is over 70 1/2 years of age.

F5: 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 and January 20, 2006.

F6: This option was originally reported as covering 50,000 shares of Class A Common Stock at an exercise price of $3.55 per share, but adjusted to reflect 5% stock dividends on January 22, 2005 and January 20, 2006.

F7: 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.

F8: This option was originally reported as covering 40,000 shares of Class A Common Stock at an exercise price of $2.64 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.