Edgar Filing: SECURITY NATIONAL FINANCIAL CORP

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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Moody Howard Craig

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	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

11892 SOUTH BROOKGLEN DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2008

(Street)

SANDY, UT 84092

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/18/2008		J⁽¹⁾		152	A	$ 3.75	3,183	D

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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 (right to buy)

$ 4.71 ⁽²⁾

11/01/2003

1,276 ⁽²⁾

11/01/2004

11/01/2008

Class A Common Stock

1,276 ⁽²⁾

$ 4.71 ⁽²⁾

1,276 ⁽²⁾

Employee Stock Option (right to buy)

$ 3.17 ⁽³⁾

11/01/2004

1,215 ⁽³⁾

11/01/2005

11/01/2009

Class A Common Stock

1,215 ⁽³⁾

$ 3.17 ⁽³⁾

1,215 ⁽³⁾

Employee Stock Option (right to buy)

$ 2.7 ⁽⁴⁾

11/01/2005

1,158 ⁽⁴⁾

11/01/2006

11/01/2010

Class A Common Stock

1,158 ⁽⁴⁾

$ 2.7 ⁽⁴⁾

1,158 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 4.82 ⁽⁵⁾

12/07/2006

1,103 ⁽⁵⁾

12/07/2007

12/07/2016

Class A Common Stock

1,103 ⁽⁵⁾

$ 4.82 ⁽⁵⁾

1,103 ⁽⁵⁾

Employee Stock Option (right to buy)

$ 3.57 ⁽⁶⁾

12/07/2007

1,050 ⁽⁶⁾

12/07/2008

12/07/2017

Class A Common Stock

1,050 ⁽⁶⁾

$ 3.57 ⁽⁶⁾

1,050 ⁽⁶⁾

Employee Stock Option (right to buy)

$ 3.85

03/31/2008

2,500

06/30/2008⁽⁷⁾

03/31/2018

Class A Commnon Stock

2,500

$ 3.85

2,500

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Moody Howard Craig 11892 SOUTH BROOKGLEN DRIVE SANDY, UT 84092	X

Signatures

/s/ Howard Craig Moody		06/12/2008
^**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 January 18, 2008.
(2)	This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $6.01 per share, but adjusted to reflect 5% stock dividends on January 5, 2004, January 22, 2005, January 20, 2006, January 19, 2007, and January 18, 2008.
(3)	This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $3.85 per share, but adjusted to reflect 5% stock dividends on January 22, 2005, January 20, 2006, January 19, 2007, and January 18, 2008.
(4)	This option was originally reported as covering 1,000 shares of Class A Common Stock under the 2000 Director Stock Option Plan at an exercise price of $3.13 per share, but adjusted to reflect 5% stock dividends on January 20, 2006, January 19, 2007, and January 18, 2008.
(5)	This option was originally reported as covering 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 to reflect 5% stock dividends on January 19, 2007 and January 18, 2008.
(6)	This option was originally reported as covering 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 to reflect a 5% stock dividend on January 18, 2008.
(7)	This option vests in four equal installments of 625 shares of Class A Common Stock, beginning on June 30, 2008, until such shares are fully vested.

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