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* QUIST SCOTT M (Last) (First) (Middle) 7 WANDERWOOD 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) X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman of the Board/Pres/CEO
	3. Date of Earliest Transaction (Month/Day/Year) 12/02/2020
	4. If Amendment, Date of Original Filed (Month/Day/Year) 12/19/2020	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
Class C Common Stock	12/02/2020		M		130,820	A	$7.97	1,306,061(1)(2)	D
Class C Common Stock	12/02/2020		D		1,306,061	D	$7.97	0.0000(1)(2)	D

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)	$5.58(3)	12/04/2015		M			130,820(3)	03/04/2016	12/04/2020	Class C Common Stock	130,820(3)	$5.58(3)	0.0000(3)	D
Employee Stock Option (right to buy)	$6.14(4)	12/02/2016		A		99,672(4)		03/02/2017	12/02/2021	Class C Common Stock	99,672(4)	$6.14(4)	99,672(4)	D
Employee Stock Option (right to buy)	$4.65(5)	12/01/2017		A		88,993(5)		03/01/2018	12/01/2022	Class A Common Stock	88,993(5)	$4.65(5)	88,993(5)	D
Employee Stock Option (right to buy)	$5.34(6)	11/30/2018		A		79,104(6)		02/28/2019	11/30/2023	Class A Common Stock	79,104(6)	$5.34(6)	79,104(6)	D
Employee Stock Option (right to buy)	$5.3(7)	12/06/2019		A		53,813(7)		03/06/2020(7)	12/06/2024	Class C Common Stock	53,813(7)	$5.3(7)	53,813(7)	D
Employee Stock Option (right to buy)	$3.85(8)	03/27/2020		A		51,250(8)		06/27/2020(8)	03/27/2025	Class C Common Stock	51,250(8)	$3.85(8)	51,250(8)	D

Explanation of Responses:

1. Does not include shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, the Employee Stock Ownership Plan, the Employee Stock Ownership Plan (ESOP), and the Non-Qualified Deferred Compensation Plan. Also does not include shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP) and in Associated Investors, a Utah general partnership, of which Mr. Quist is the Managing Partner and, accordingly, exercises sole voting and investment powers with respect to such shares.

2. On December 17, 2020, Mr. Quist and his wife, Lisa J. Quist, gifted approximately 1,175,241 shares of Class C Common Stock of the Company to the Scott M. and Lisa J. Quist Family Trust, an irrevocable family trust. The beneficiaries of the family trust are all family members.

3. 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 Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (the "2013 Stock Option Plan") to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020.

4. 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 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020.

5. This option was granted on December 1, 2017 as an option for 75,000 shares of Class A Common Stock at an exercise price of $5.56 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020.

6. This option was granted on November 30, 2018 as an option for 70,000 shares of Class A Common Stock at an exercise price of $6.07 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 1, 2019, and a 2 1/2% stock dividend paid on July 17, 2020.

7. This option was granted on December 6, 2019 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $6.01 per share or 50,000 shares of Class C Common Stock at an exercise price of $6.01 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 $6.01 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, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. The option vests in four quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.

8. This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.16 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.16 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 $4.16 per share, and a 2 1/2% stock dividend paid on July 17, 2020. The option vests in four quarterly installments of Class A Common Stock, beginning on June 27, 2020, until such shares are fully vested.

	/s/ Scott M. Quist	12/31/2020
	** Signature of Reporting Person	Date
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