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: Quist George R. (Director, Chairman and Chief Exective Of, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-31	Employee Stock Option (right to buy)	$3.48	A	60775	Acquired	2013-03-31	Class A Common Stock (60775)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.36	A	121551	Acquired	2013-12-05	Class A Common Stock (121551)	Direct
2009-12-04	Employee Stock Option (right to buy)	$3.34	A	115763	Acquired	2014-12-04	Class A Common Stock (115763)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.83	A	110250	Acquired	2015-12-03	Class A Common Stock (110250)	Direct
2011-12-02	Employee Stock Option (right to buy)	$1.37	A	105000	Acquired	2016-12-02	Class A Common Stock (105000)	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 50,000 shares of Class A Common Stock at an exercise price of $4.24 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.

F2: This option was originally reported as an option for 100,000 shares of Class A Common Stock at an exercise price of $1.65 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.

F3: This option was originally reported as an option for 100,000 shares of Class A Common Stock at an exercise price of $3.87 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.

F4: This option was originally reported as an option for 100,000 shares of Class A Common Stock at an exercise price of $2.01 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.

F5: This option was granted on December 2, 2011 as 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. This option vests in four equal quarterly installments of 25,000 shares of Class A Common Stock, beginning on March 31, 2012, until such shares are vested.

F6: This option was granted on April 13, 2012 as an option for 100,000 shares of Class A Common Stock at an exercise price of $1.72 per share. This option vests in four equal quarterly installments of 25,000 shares of Class A Common Stock, beginning on September 30, 2012, until such shares are vested.