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: 2006-10-20

Reporting Person: SILL STEPHEN M (Vice President, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-20	Class A Common Stock	J	1083	$3.74	Acquired	22749	Direct
2006-10-20	Class A Common Stock	M	5513	$2.93	Acquired	28262	Direct
2006-10-20	Class A Common Stock	F	3024	$5.34	Disposed	25238	Direct
2006-10-20	Class A Common Stock	M	15750	$3.34	Acquired	40988	Direct
2006-10-20	Class A Common Stock	F	9860	$5.34	Disposed	31128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-20	Employee Stock Option (right to buy)	$2.93	M	5513	Disposed	2014-12-10	Class A Common Stock (5513)	Direct
2006-10-20	Employee Stock Option (right to buy)	$3.34	M	15750	Disposed	2015-03-25	Class A Common Stock (15750)	Direct

Footnotes

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

F2: 2 Owned jointly by the reporting person and his wife. Does not include 42,179 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: 3 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 the 5% stock dividends on January 22, 2005 and January 20, 2006

F4: This option was previously reported covering 15,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted to reflect the 5% stock dividends on January 20, 2006.