SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2012

Feb 17, 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: BECKSTEAD J. LYNN JR. (Director, V.P. - Mortgage Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Class A Common Stock	J	2279	$1.3	Acquired	47868	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	23270	Acquired	2013-03-21	Class A Common Stock (23270)	Direct
2004-12-10	Employee Stock Option (right to buy)	$2.19	A	7388	Acquired	2014-12-10	Class A Common Stock (7388)	Direct
2005-03-25	Employee Stock Option (right to buy)	$2.49	A	49248	Acquired	2015-03-25	Class A Common Stock (49248)	Direct
2008-03-31	Employee Stock Option (right to buy)	$3.17	A	9724	Acquired	2018-03-31	Class A Common Stock (9724)	Direct
2008-12-05	Employee Stock Option (right to buy)	$1.23	A	24311	Acquired	2018-12-05	Class A Common Stock (24311)	Direct
2009-12-04	Employee Stock Option (right to buy)	$3.04	A	23153	Acquired	2019-12-04	Class A Common Stock (23153)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.66	A	22050	Acquired	2020-12-03	Class A Common Stock (22050)	Direct
2011-12-02	Employee Stock Option (right to buy)	$1.24	A	18900	Acquired	2021-12-02	Class A Common Stock (18900)	Direct

Footnotes

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

F2: Owned jointly by the reporting person and his wife. Does not include 155,567 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 an option for 15,000 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.

F4: This option was originally reported as an option for 5,000 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.

F5: This option was originally reported as an option for 35,000 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.

F6: This option was originally reported as an option for 8,000 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.

F7: This option was originally reported as an option for 20,000 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.

F8: This option was originally reported as an option for 20,000 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.

F9: This option was originally reported as an option for 20,000 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.

F10: This option was granted on December 2, 2011 as an option for 18,000 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. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2012, until such shares are fully vested.