SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2011

Apr 5, 2011

SEC Form 4/A — Form 4/A

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2010-12-03

Reporting Person: Quist George R. (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Class A Common Stock	J	50965	$1.74	Acquired	1066066	Direct
2011-02-04	Class C Common Stock	J	214509	$1.74	Acquired	4504674	Direct
2011-03-16	Class A Common Stock	P	670	$2	Acquired	1066736	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-31	Employee Stock Option (right to buy)	$3.66	A	57881	Acquired	2013-03-31	Class A Common Stock (57881)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.43	A	115763	Acquired	2013-12-05	Class A Common Stock (115763)	Direct
2009-12-04	Employee Stock Option (right to buy)	$3.51	A	110250	Acquired	2014-12-04	Class A Common Stock (110250)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.82	A	105000	Acquired	2015-12-03	Class A Common Stock (105000)	Direct

Footnotes

F1: On March 17, 2011, the reporting person mistakenly reported an acquisition of 47,395 shares of Class A Common Stock pursuant to a 5% stock dividend paid on February 4, 2011. As of March 17, 2011, the reporting person had actually acquired 50,765 shares of Class A Common Stock pursuant to the 5% stock dividend.

F2: Received pursuant to a 5% stock dividend paid on February 4, 2011.

F3: Includes 650,607 shares of Class A Common Stock and 4,496,896 shares of Class C Common Stock owned by George R. and Shirley C. Quist Family Partnership, Ltd. Does not include 86,614 shares of Class A Common Stock and 573,648 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, and the Deferred Compensation Plan.

F4: This option was originally reported as covering 50,000 shares of Class A Common Stock at an exercise price of $4.235 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011.

F5: This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011.

F6: This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $3.872 per share, but adjusted to reflect a 5% dividend paid on February 5, 2010 and February 4, 2011.

F7: This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $1.914 per share, but adjusted to reflect a 5% dividend paid on February 4, 2011. This option vests in four equal quarterly installments of 25,000 shares of Class A Common Stock, beginning on March 31, 2011, until such shares are vested.