SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2011-12-02

Reporting Person: MOODY H. CRAIG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Class A Common Stock	J	184	$1.3	Acquired	3868	Direct
2012-02-03	Class A Common Stock	J	83	$1.3	Acquired	1737	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Director Stock Option (right to buy)	$3.96	A	1340	Acquired	2016-12-07	Class A Common Stock (1340)	Direct
2007-12-07	Director Stock Option (right to buy)	$2.94	A	1277	Acquired	2017-12-07	Class A Common Stock (1277)	Direct
2008-03-31	Director Stock Option (right to buy)	$3.17	A	3039	Acquired	2018-03-31	Class A Common Stock (3039)	Direct
2008-12-05	Director Stock Option (right to buy)	$1.23	A	6077	Acquired	2018-12-05	Class A Common Stock (6077)	Direct
2008-12-07	Director Stock Option (right to buy)	$1.16	A	1216	Acquired	2018-12-07	Class A Common Stock (1216)	Direct
2009-12-04	Director Stock Option (right to buy)	$3.04	A	5789	Acquired	2019-12-04	Class A Common Stock (5789)	Direct
2009-12-07	Director Stock Option (right to buy)	$3.04	A	1158	Acquired	2019-12-07	Class A Common Stock (1158)	Direct
2010-12-03	Director Stock Option (right to buy)	$1.66	A	5513	Acquired	2020-12-03	Class A Common Stock (5513)	Direct
2010-12-07	Director Stock Option (right to buy)	$1.66	A	1103	Acquired	2020-12-07	Class A Common Stock (1103)	Direct
2011-12-02	Director Stock Option (right to buy)	$1.24	A	5250	Acquired	2021-12-02	Class A Common Stock (5250)	Direct

Footnotes

F1: Received pursuant to a 5% stock dividend declared on December 2, 2011 and paid on February 3, 2012.

F2: The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: This option was originally reported as an option for 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F4: This option was originally reported as an option for 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F5: This option was originally reported as an option for 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F6: This option was originally reported as an option 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F7: This option was originally reported as an option 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

F8: This option was originally reported as an option 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011 and February 3, 2012.

F9: This option was originally reported as an option 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 pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011 and February 3, 2012

F10: This option was originally reported as an option for 5,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.83 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 4, 2011 and February 3, 2012.

F11: This option was originally reported as an option for 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.83 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 plan to reflect 5% stock dividends paid on February 4, 2011 and February 3, 2012.

F12: This option was granted on December 2, 2011 as an option for 5,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $1.30 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 plan to reflect a 5% stock dividend paid on February 3, 2012. This option vests in four equal quarterly installments of Class A Common Stock over a one year period, beginning on March 31, 2012, until such shares are fully vested.