SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2011

Mar 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Christie Q. Overbaugh (Senior VP of Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Class A Common Stock	J	1299	$1.74	Acquired	27280	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-10	Employee Stock Option (right to buy)	$2.3	A	10553	Acquired	2014-12-10	Class A Common Stock (10553)	Direct
2005-03-25	Employee Stock Option (right to buy)	$2.62	A	26802	Acquired	2015-03-25	Class A Common Stock (26802)	Direct
2008-03-31	Employee Stock Option (right to buy)	$3.33	A	11576	Acquired	2018-03-31	Class A Common Stock (11576)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.3	A	11576	Acquired	2018-12-05	Class A Common Stock (11576)	Direct
2009-12-04	Employee Stock Option (right to buy)	$3.19	A	11025	Acquired	2019-12-04	Class A Common Stock (11025)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.66	A	10500	Acquired	2020-12-03	Class A Common Stock (10500)	Direct

Footnotes

F1: Received pursuant to a 5% stock dividend paid on February 4, 2011.

F2: Owned jointly by the reporting person and her son and daughter. Does not include 72,323 shares of Class A Common Stock and 151,284 shares of Class C 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 7,500 shares of Class A Common Stock at an exercise price of $3.23 per share, but adjusted to reflect 5% stock dividends paid on February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010 and February 4, 2011.

F4: This option was originally reported as covering 20,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010 and February 4, 2011.

F5: This option was originally reported as covering 10,000 shares of Class A Common Stock at an exercise price of $3.85 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 10,000 shares of Class A Common Stock at an exercise price of $1.50 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011.

F7: This option was granted on December 4, 2009 for 10,000 shares of Class A Common Stock at an exercise price of $3.52 per share, but adjusted to reflect 5% stock dividends paid on February 5, 2010 and February 4, 2011.

F8: This option was granted on December 3, 2010 for 10,000 shares of Class A Common Stock at an exercise price of $1.74 per share, but adjusted to reflect a 5% stock dividend paid on February 4, 2011. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2011, until such shares are fully vested.