SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2012

May 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2012-04-13

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-10	Employee Stock Option (right to buy)	$2.19	A	11081	Acquired	2014-12-10	Class A Common Stock (11081)	Direct
2005-03-25	Employee Stock Option (right to buy)	$2.49	A	28142	Acquired	2015-03-25	Class A Common Stock (28142)	Direct
2008-03-31	Employee Stock Option (right to buy)	$3.17	A	12155	Acquired	2018-03-31	Class A Common Stock (12155)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.23	A	12155	Acquired	2018-12-05	Class A Common Stock (12155)	Direct
2009-12-04	Employee Stock Option (right to buy)	$3.04	A	11576	Acquired	2019-12-04	Class A Common Stock (11576)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.66	A	11025	Acquired	2020-12-03	Class A Common Stock (11025)	Direct
2011-12-02	Employee Stock Option (right to buy)	$1.24	A	10500	Acquired	2021-12-03	Class A Common Stock (10500)	Direct
2012-04-13	Employee Stock Option (right to buy)	$1.56	A	10000	Acquired	2022-04-13	Class A Common Stock (10000)	Direct

Footnotes

F1: This option was originally reported as an option for 7,500 shares of Class A Common Stock at an exercise price of $3.23 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan 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, February 4, 2011 and February 3, 2012.

F2: This option was originally reported as an option for 20,000 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 reported as an option for 10,000 shares of Class A Common Stock at an exercise price of $3.85 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.

F4: This option was originally reported as an option for 10,000 shares of Class A Common Stock at an exercise price of $1.50 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 reported as an option for 10,000 shares of Class A Common Stock at an exercise price of $3.52 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 reported as an option for 10,000 shares of Class A Common Stock at an exercise price of $1.83 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 10,000 shares of Class A Common Stock at an exercise price of $1.30 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. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2012, until such shares are fully vested.

F8: This option was granted on April 13, 2012 as an option for 10,000 shares of Class A Common Stock at an exercise price of $1.56 per share. The option vests in four equal quarterly installments of Class A Common Stock, beginning on September 30, 2012, until such shares are fully vested.