SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2012

Oct 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2012-08-14

Reporting Person: QUIST SCOTT M (Director, Chairman of the Board,, 10% Owner, President,Chief Executive Offi)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-15	Class C Common Stock	M	318912	$0.349	Acquired	1863901	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-03-21	Employee Stock Option (right to buy)	$3.8	A	108593	Acquired	2013-03-21	Class A Common Stock (108593)	Direct
2005-03-25	Employee Stock Option (right to buy)	$2.49	A	98497	Acquired	2015-03-25	Class A Common Stock (98497)	Direct
2008-03-31	Employee Stock Option (right to buy)	$0.348	A	607754	Acquired	2013-03-31	Class C Common Stock (607754)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.36	A	47312	Acquired	2013-12-05	Class A Common Stock (47312)	Direct
2008-12-05	Employee Stock Option (right to buy)	$0.136	A	742395	Acquired	2013-12-05	Class C Common Stock (742395)	Direct
2009-12-04	Employee Stock Option (right to buy)	$0.334	A	1157625	Acquired	2014-12-04	Class C Common Stock (1157625)	Direct
2010-12-03	Employee Stock Option (right to buy)	$0.183	A	1102500	Acquired	2015-12-03	Class C Common Stock (1102500)	Direct
2012-08-15	Employee Stock Option (right to buy)	$0.349	M	318912	Acquired	2016-12-02	Class C Common Stock (318912)	Direct
2012-04-13	Employee Stock Option (right to buy)	$1.72	A	100000	Acquired	2017-04-13	Class A Common Stock (100000)	Direct

Footnotes

F1: This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted pursuant to the anti-dilution provisions of the 1993 Stock Option Plan to reflect 5% stock dividends paid on January 19, 2004, February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F2: This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F3: This option was originally granted as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.24 per share or 500,000 shares of Class C Common Stock at an exercise price of $0.424 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 500,000 shares of Class C Common Stock at an exercise price of $0.424 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F4: This option was originally granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.165 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 38,923 shares of Class A Common Stock at an exercise price of $1.65 per share and 610,770 shares of Class C Common Stock at an exercise price of $0.165 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F5: This option was originally granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $3.87 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.387 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price of $0.387 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011 and February 3, 2012.

F6: This option was originally granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $2.01 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.201 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price3 of $0.201 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 4, 2011 and February 3, 2012.

F7: This option was granted on December 2, 2011 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.143 per share, or any combination thereof. Because there are only five shares of Class C Common Stock remaining to be issued under the 2003 Stock Option Plan, the reporting person cannot elect at this time the option for 1,000,000 share of Class C Common Stock. Thus, this option reflects an option for 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 3, 2012.

F8: This option vests in four equal quarterly installments, beginning on March 2, 2012, until such shares are fully vested. At such time as the Stock Option Plan is amended to provide for the issuance of an additional 1,000,000 shares of Class C Common Stock, the reporting person will elect to have the option for 1,000,000 shares of Class C Common Stock at an exercise price of $0.143 per share.

F9: This option was granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.34 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.134 per share, or any combination thereof. The option vests in four equal quarterly installments of Class A Common Stock, beginning on July 13, 2012, until such shares are fully vested.