SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2008

Jun 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2008-03-31

Reporting Person: Moody Howard Craig (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-18	Class A Common Stock	J	152	$3.75	Acquired	3183	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-01	Employee Stock Option (right to buy)	$4.71	A	1276	Acquired	2008-11-01	Class A Common Stock (1276)	Direct
2004-11-01	Employee Stock Option (right to buy)	$3.17	A	1215	Acquired	2009-11-01	Class A Common Stock (1215)	Direct
2005-11-01	Employee Stock Option (right to buy)	$2.7	A	1158	Acquired	2010-11-01	Class A Common Stock (1158)	Direct
2006-12-07	Employee Stock Option (right to buy)	$4.82	A	1103	Acquired	2016-12-07	Class A Common Stock (1103)	Direct
2007-12-07	Employee Stock Option (right to buy)	$3.57	A	1050	Acquired	2017-12-07	Class A Common Stock (1050)	Direct
2008-03-31	Employee Stock Option (right to buy)	$3.85	A	2500	Acquired	2018-03-31	Class A Commnon Stock (2500)	Direct

Footnotes

F1: Received pursuant to a 5% stock dividend paid on January 18, 2008.

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 $6.01 per share, but adjusted to reflect 5% stock dividends on January 5, 2004, January 22, 2005, January 20, 2006, January 19, 2007, and January 18, 2008.

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 $3.85 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006, January 19, 2007, and January 18, 2008.

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 $3.13 per share, but adjusted to reflect 5% stock dividends on January 20, 2006, January 19, 2007, and January 18, 2008.

F5: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $5.31 per share, but adjusted to reflect 5% stock dividends on January 19, 2007 and January 18, 2008.

F6: This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $3.75 per share, but adjusted to reflect a 5% stock dividend on January 18, 2008.

F7: This option vests in four equal installments of 625 shares of Class A Common Stock, beginning on June 30, 2008, until such shares are fully vested.