SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Stephens Jeffrey Russell (Last) (First) (Middle) 38 NORTHRIDGE WAY (Street) SANDY UT 84092 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SECURITY NATIONAL FINANCIAL CORP [ SNFCA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Sr. Gen Council; Corp Sec
	3. Date of Earliest Transaction (Month/Day/Year) 12/06/2019
	4. If Amendment, Date of 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

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

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$1.09(1)	04/13/2012		A		3,519(1)		07/13/2012	04/13/2022	Class A Common Stock	3,519(1)	$1.09(1)	3,519(1)	D
Employee Stock Option (right to buy)	$3.56(2)	12/06/2013		A		3,351(2)		03/06/2014	12/06/2023	Class A Common Stock	3,351(2)	$3.56(2)	3,351(2)	D
Employee Stock Option (right to buy)	$3.34(3)	07/02/2014		A		3,191(3)		10/02/2014	07/02/2024	Class A Common Stock	3,191(3)	$3.34(3)	3,191(3)	D
Employee Stock Option (right to buy)	$3.89(4)	12/05/2014		A		6,382(4)		03/05/2015	12/05/2024	Class A Common Stock	6,382(4)	$3.89(4)	6,382(4)	D
Employee Stock Option (right to buy)	$5.47(5)	12/04/2015		A		6,078(5)		03/04/2016	12/04/2025	Class A Common Stock	6,078(5)	$5.47(5)	6,078(5)	D
Employee Stock Option (right to buy)	$6.03(6)	12/02/2016		A		5,789(6)		03/02/2017	12/02/2026	Class A Common Stock	5,789(6)	$6.03(6)	5,789(6)	D
Employee Stock Option (right to buy)	$4.56(7)	12/01/2017		A		5,513(7)		03/01/2018	12/01/2027	Class A Common Stock	5,513(7)	$4.56(7)	5,513(7)	D
Employee Stock Option (right to buy)	$5.24(8)	11/30/2018		A		7,875(8)		02/28/2019	11/30/2028	Class A Common Stock	7,875(8)	$5.24(8)	7,875(8)	D
Employee Stock Option (right to buy)	$5.46(9)	12/06/2019		A		7,500(9)		03/06/2020(9)	12/06/2029	Class A Common Stock	7,500(9)	$5.46(9)	7,500(9)	D

Explanation of Responses:

1. This option was granted on April 13, 2012 as an option for 5,000 shares of Class A Common Stock at an exercise price of $1.56 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, February 3, 2017, February 2, 2018, and February 1, 2019. On December 4, 2012, the reporting person exercised part of these options to purchase 2,500 shares of Class A Common Stock.

2. This option was granted on December 6, 2013 as an option for 2,500 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.

3. This option was granted on July 2, 2014 as an option for 2,500 shares of Class A Common Stock at an exercise price of $4.29 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, February 3, 2017, February 2, 2018, and February 1, 2019.

4. This option was granted on December 5, 2014 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.02 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, February 3, 2017, February 2, 2018, and February 1, 2019.

5. This option was granted on December 4, 2015 as an option for 5,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.

6. This option was granted on December 2, 2016 as an option for 5,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, and February 1, 2019.

7. This option was granted on December 1, 2017 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018 and February 1, 2019.

8. This option was granted on November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 1, 2019.

9. This option was granted on December 6, 2019 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.46 per share. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.

	/s/Jeffrey Russell Stephens	12/18/2019
	** Signature of Reporting Person	Date
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