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SECURITY NATIONAL FINANCIAL CORP Director's Dealing 2011

Mar 11, 2011

33553_dirs_2011-03-11_a3834216-582d-43f4-a33d-98392b40240a.zip

Director's Dealing

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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: SILL STEPHEN M (V.P., Treasurer & C.F.O.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-04 Class A Common Stock J 2142 $1.74 Acquired 44986 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-03-31 Employee Stock Option (right to buy) $3.33 A 8682 Acquired 2018-03-31 Class A Common Stock (8682) Direct
2009-12-04 Employee Stock Option (right to buy) $3.19 A 8269 Acquired 2019-12-04 Class A Common Stock (8269) Direct
2010-12-03 Employee Stock Option (right to buy) $1.66 A 7875 Acquired 2020-12-03 Class A Common Stock (7875) Direct

Footnotes

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

F2: Owned jointly by the reporting person and his wife. Does not include 49,752 shares of Class A 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 $3.85 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, and February 4, 2011.

F4: This option was originally reported as covering 7,500 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.

F5: This option was originally reported as covering 7,500 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.