SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2017

May 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2017-04-06

Reporting Person: QUIST SCOTT M (Director, COB, President, CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-03	Class A Common Stock	J	2042	$7.03	Acquired	13486	Direct
2017-02-03	Class C Common Stock	J	41489	$7.03	Acquired	871260	Direct
2017-04-06	Class C Common Stock	M	127629	$1.31	Acquired	998889	Direct
2017-04-06	Class C Common Stock	F	24227	$6.9	Disposed	974662	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-13	Employee Stock Option (right to buy)	$1.31	M	127629	Disposed	2017-04-13	Class C Common Stock (127629)	Direct
2013-12-06	Employee Stock Option (right to buy)	$4.32	A	60775	Acquired	2018-12-06	Class C Common Stock (60775)	Direct
2014-07-02	Employee Stock Option (right to buy)	$4.05	A	57881	Acquired	2019-07-02	Class C Common Stock (57881)	Direct
2014-12-05	Employee Stock Option (right to buy)	$4.73	A	115763	Acquired	2019-12-05	Class C Common Stock (115763)	Direct
2015-12-04	Employee Stock Option (right to buy)	$6.67	A	110250	Acquired	2020-12-04	Class C Common Stock (110250)	Direct
2016-12-02	Employee Stock Option (right to buy)	$7.34	A	84000	Acquired	2021-12-02	Class C Common Stock (84000)	Direct

Footnotes

F1: Received pursuant to a stock dividend paid on February 3, 2017.

F2: Owned jointly by the reporting person and his wife. Does not include a total of 304,767 shares of Class A Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, and the Non-Qualified Deferred Compensation Plan.

F3: Owned jointly by the reporting person and his wife. Does not include a total of 81,879 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP) and Associated Investors, a Utah general partnership.

F4: 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, February 6, 2015, February 5, 2016 and February 3, 2017.

F5: 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. 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, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016 and February 3, 2017.

F6: 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 5% stock dividends paid on February 6, 2015, February 5, 2016 and February 3, 2017.

F7: 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 5% stock dividends paid on February 6, 2015, February 5, 2016 and February 3, 2017.

F8: This option was granted on December 4, 2015 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $7.39 per share or 100,000 shares of Class C Common Stock at an exercise price of $7.39 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 $7.39 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016 and February 3, 2017.

F9: This option was granted on December 2, 2016 as an option for either 80,000 shares of Class A Common Stock at an exercise price of $7.73 per share or 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share, or any combination thereof. This option reflects the reporting person s election to have an option for 80,000 shares of Class C Common Stock at an exercise price of $7.73 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 3, 2017. The option vests in four quarterly installments of Class C Common Stock, beginning on March 2, 2017, until such shares are fully vested.