SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2007

Jan 19, 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: BECKSTEAD JACK LYNN JR (Director, Vice President-Mortgage Operts)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-20	Class A Common Stock	J	1701	$3.74	Acquired	35720	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-03-21	Employee Stock Option (right to buy)	$5.1	A	17365	Acquired	2013-03-21	Class A Common Stock (17365)	Direct
2004-12-10	Employee Stock Option (right to buy)	$2.93	A	5513	Acquired	2014-12-10	Class A Common Stock (5513)	Direct
2005-03-25	Employee Stock Option (right to buy)	$3.34	A	36750	Acquired	2015-03-25	Class A Common Stock (36750)	Direct

Footnotes

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

F2: Owned jointly by the reporting person and his wife. Does not include 70,457 shares of Class A 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 15,000 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 and January 20, 2006.

F4: This option was originally reported as covering 5,000 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.

F5: This option was previously reported as covering 35,000 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.