SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2011

Mar 15, 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: MOODY H. CRAIG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Class A Common Stock	J	175	$1.74	Acquired	3684	Direct
2011-02-04	Class A Common Stock	J	79	$1.74	Acquired	1654	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Director Stock Option (right to buy)	$4.16	A	1276	Acquired	2016-12-07	Class A Common Stock (1276)	Direct
2007-12-07	Director Stock Option (right to buy)	$3.09	A	1216	Acquired	2017-12-07	Class A Common Stock (1216)	Direct
2008-03-31	Director Stock Option (right to buy)	$3.33	A	2894	Acquired	2018-03-31	Class A Common Stock (2894)	Direct
2008-12-05	Director Stock Option (right to buy)	$1.3	A	5788	Acquired	2018-12-05	Class A Common Stock (5788)	Direct
2008-12-07	Director Stock Option (right to buy)	$1.22	A	1158	Acquired	2018-12-07	Class A Common Stock (1158)	Direct
2009-12-04	Director Stock Option (right to buy)	$3.19	A	5513	Acquired	2019-12-04	Class A Common Stock (5513)	Direct
2009-12-07	Director Stock Option (right to buy)	$3.19	A	1103	Acquired	2019-12-07	Class A Common Stock (1103)	Direct
2010-12-03	Director Stock Option (right to buy)	$1.66	A	5250	Acquired	2020-12-03	Class A Common Stock (5250)	Direct
2010-12-07	Director Stock Option (right to buy)	$1.66	A	1050	Acquired	2020-12-07	Class A Common Stock (1050)	Direct

Footnotes

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

F2: The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: 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 paid on February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010 and February 4, 2011.

F4: 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 5% stock dividends paid on February 8, 2008, February 6, 2009, February 5, 2010 and February 4, 2011.

F5: This option was originally reported as covering 2,500 shares of Class A Common Stock under the 2006 Director Stock Option Plan 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 granted on December 5, 2008 for 5,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan 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 7, 2008 for 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.41 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011.

F8: This option was granted on December 4, 2009 for 5,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan 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.

F9: This option was granted on December 7, 2009 for 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan 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.

F10: This option was granted on December 3, 2010 for 5,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.74 per share, but adjusted to reflect a 5% stock dividend paid on February 4, 2011. This option vests in four equal quarterly installments of Class A Common Stock over a one year period, beginning on March 31, 2011, until such shares are fully vested.

F11: This option was granted on December 7, 2010 for 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.74 per share, but adjusted to reflect a 5% stock dividend paid on February 4, 2011. This option vests in four equal quarterly installments of Class A Common Stock over a one year period, beginning on March 31, 2011, until such shares are fully vested.