SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2011

Mar 14, 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: Crittenden Charles L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Class A Common Stock	J	308	$1.74	Acquired	6458	Direct

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: 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.

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 $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.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.