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: 2006-12-29

Reporting Person: QUIST GEORGE ROBERT JR (First Vice President Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-20	Class A Common Stock	J	1288	$3.74	Acquired	27048	Direct
2006-01-20	Class C Common Stock	J	2998	$3.74	Acquired	62997	Direct
2006-06-02	Class A Common Stock	J	2731	$4.69	Disposed	24317	Direct
2006-06-02	Class C Common Stock	J	10961	$4.69	Disposed	52036	Direct
2006-12-29	Class A Common Stock	G	2500	$5.5	Acquired	26817	Direct
2007-01-02	Class A Common Stock	G	2500	$5.5	Acquired	29317	Direct
2007-01-02	Class A Common Stock	M	11025	$2.93	Acquired	40342	Direct
2007-01-02	Class A Common Stock	F	5873	$5.5	Disposed	34469	Direct
2007-01-02	Class A Common Stock	M	31500	$3.34	Acquired	65969	Direct
2007-01-02	Class A Common Stock	F	19145	$5.5	Disposed	46824	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	40517	Acquired	2013-03-21	Class A Common Stock (40517)	Direct
2007-01-02	Employee Stock Option	$2.93	M	11025	Disposed	2014-12-10	Class A Common Stock (11025)	Direct
2007-01-02	Employee Stock Option (right to buy)	$3.34	M	31500	Disposed	2015-03-25	Class A Common Stock (31500)	Direct

Footnotes

F1: 1 Received pursuant to a 5% stock dividend paid on January 20, 2006.

F2: Transferred by the reporting person and his former wife, as joint owners, to his former wife, individually.

F3: Includes 560 shares of Class A Common Stock and 2,238 shares of Class C Common Stock owned jointly by the reporting person and his former wife. Does not include 47,567 shares of Class A Common Stock and 193,304 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: This option was originally reported as covering 35,000 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.

F5: This option was originally reported as covering 10,000 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.

F6: This option was previously reported as covering 30,000 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.