SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2015

May 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2015-02-18

Reporting Person: QUIST SCOTT M (Director, Chairman of Board;Pres.;CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-06	Class A Common Stock	J	6298	$5.02	Acquired	132251	Direct
2015-02-06	Class A Common Stock	J	21363	$5.02	Acquired	448630	Direct
2015-02-18	Class A Common Stock	M	114023	$2.14	Acquired	562653	Direct
2015-02-18	Class A Common Stock	F	40736	$5.99	Disposed	91515	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-25	Employee Stock Option (right to buy)	$2.14	M	114023	Disposed	2015-03-25	Class C Common Stock (114023)	Direct
2010-12-03	Employee Stock Option (right to buy)	$1.55	A	127629	Acquired	2015-12-03	Class C Common Stock (127629)	Direct
2011-12-02	Employee Stock Option (right to buy)	$1.18	A	121551	Acquired	2016-12-02	Class CCommon Stock (121551)	Direct
2012-04-13	Employee Stock Option (right to buy)	$1.45	A	115763	Acquired	2017-04-13	Class C Common Stock (115763)	Direct
2013-12-06	Employee Stock Option (right to buy)	$4.79	A	55125	Acquired	2018-12-06	Class C Common Stock (55125)	Direct
2014-07-02	Employee Stock Option (right to buy)	$4.48	A	52500	Acquired	2019-07-02	Class C Common Stock (52500)	Direct
2014-12-05	Employee Stock Option (right to buy)	$5.24	A	105000	Acquired	2019-12-05	Class C Common Stock (105000)	Direct

Footnotes

F1: Received pursuant to stock option paid on February 6, 2015.

F2: Owned jointly by the reporting person and his wife. Does not include a total of 269,835 shares of Class A Common Stock and 38,419 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, the Deferred Compensation Plan and Associated Investors.

F3: This option was originally granted on March 25, 2005 as an option for either 70,000 shares of Class A Common Stock at an exercise price of $4.24 per share or 70,000 shares of Class C Common Stock at an exercise price of $4.24 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 70,000 shares of Class C 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, February 3, 2012, February 1, 2013, February 7, 2014 and February 6, 2015.

F4: This option was originally granted on December 3, 2010 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $2.01 per share or 100,000 shares of Class C Common Stock at an exercise price of $2.01 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C 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, February 3, 2012, February 1, 2013, February 7, 2014 and February 6, 2015.

F5: 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 100,000 shares of Class C Common Stock at an exercise price of $1.43 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C 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 5% stock dividends paid on February 3, 2012, February 1, 2013, February 7, 2014 and February 6, 2015.

F6: This option was granted on April 13, 2012 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.34 per share or 100,000 shares of Class C Common Stock at an exercise price of $1.34 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $1.34 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014 and February 6, 2015.

F7: This option was granted on December 6, 2013 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $5.34 per share or 50,000 shares of Class C Common Stock at an exercise price of $5.34 per share, or any combination thereof, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014 and February 6, 2015. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $5.34 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 6, 2014, until such shares are fully vested.

F8: This option was granted on July 2, 2014 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.72 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.72 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $4.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. The option vests in four quarterly installments of Class C Common Stock, beginning on October 2, 2014, until such shares are fully vested.

F9: This option was granted on December 5, 2014 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 100,000 shares of Class C Common Stock at an exercise price of $5.52 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of 5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. The option vests in four quarterly installments of Class C Common Stock, beginning on March 5, 2015, until such shares are fully vested.