Edgar Filing: Quist George R.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Quist George R.

2. Issuer Name and Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP [SNFCA]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman,Chief Executive Offic

(Last)

(First)

(Middle)

4491 WANDER LANE

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2009

(Street)

SALT LAKE CITY, UT 84117

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/05/2010		J⁽¹⁾		47,914	A	$ 3.52	1,006,189 ⁽²⁾	D
Class C Common Stock	02/05/2010		J⁽¹⁾		204,293	A	$ 3.52	4,290,166 ⁽²⁾	D
Class A Common Stock	03/23/2010		M		5,166	A	$ 3.21	1,011,355 ⁽²⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option

$ 3.21 ⁽³⁾

03/23/2010

5,166 ⁽³⁾

03/25/2005

03/25/2010

Class A Common

5,166 ⁽³⁾

$ 3.21 ⁽³⁾

5,166 ⁽³⁾

Employee Stock Option

$ 3.84 ⁽⁴⁾

03/31/2008

55,125 ⁽⁴⁾

06/30/2008

03/31/2013

Class A Common

55,125 ⁽⁴⁾

$ 3.84 ⁽⁴⁾

55,125 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 1.5 ⁽⁵⁾

12/05/2008

110,250 ⁽⁵⁾

03/31/2009

12/05/2013

Class A Common Stock

110,250 ⁽⁵⁾

$ 1.5 ⁽⁵⁾

110,250 ⁽⁵⁾

Employee Stock Option (right to buy)

$ 3.69 ⁽⁶⁾

12/04/2009

105,000 ⁽⁶⁾

03/31/2010⁽⁶⁾

12/04/2014

Class A Common Stock

105,000 ⁽⁶⁾

$ 3.69 ⁽⁶⁾

105,000 ⁽⁶⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Quist George R. 4491 WANDER LANE SALT LAKE CITY, UT 84117	X	X	Chairman,Chief Executive Offic

Signatures

/s/ George R. Quist		03/30/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Received pursuant to a 5% stock dividend paid on February 5, 2010
(2)	Includes 614,556 shares of Class A Common Stock and 4,282,758 shares of Class C Common Stock owned by George R. and Shirley C. Quist Family Partnership, Ltd. Does not include 83,315 shares of Class A Common Stock and 595,300 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, and the Deferred Compensation Plan.
(3)	This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.86 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010.
(4)	This option was originally reported as covering 50,000 shares of Class A Common Stock at an exercise price of $4.235 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009 and February 5, 2010.
(5)	This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009 and February 5, 2010.
(6)	This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $3.872 per share, but adjusted to reflect a 5% dividend paid on February 5, 2010. This option vests in four equal quarterly installments of 25,000 shares of Class A Common Stock, beginning on March 31, 2010, until such shares are vested.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.