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IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THIS
SCHEDULE 13D IS BEING FILED IN PAPER PURSUANT TO A
CONTINUING HARDSHIP EXEMPTION.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D - Under the Securities Exchange Act of 1934
(Amendment No.....)*
Security National Financial Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
814785309
(CUSIP Number)
Richard F. Behnke
1188 Bishop Street, Suite 911
Honolulu, HI 96813
(808) 536-2341
Richard F. Behnke, IRA
Attn: Richard F. Behnke
1188 Bishop Street, Suite 911
Honolulu, HI 96813
(808) 536-2341
R.B. Value Resources, Inc.
Attn: Richard F. Behnke
1188 Bishop Street, Suite 911
Honolulu, HI 96813
(808) 536-2341
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 14, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
Check the following box if a fee is being paid with this
statement[ X ]. (A fee is not required only if the
reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of less than five percent
of such class. See Rule 13d-7.)
Note: Six copies of this statement, including all
exhibits, should be filed with the Commission. See Rule
13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
CUSIP No 814785309
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons
Richard Frederick Behnke
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions) PF
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6) Citizenship or Place of Organization - United States
Number of Shares Beneficially Owned by Each Reporting
Person With:
7) Sole Voting Power - 112,272
8) Shared Voting Power -
9) Sole Dispositive Power - 112,272
10) Shared Dispositive Power -
11) Aggregate Amount Beneficially Owned by Each
Reporting Person - 112,272
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
13) Percent of Class Represented by Amount in Row (11)
- 3.4%
14) Type of Reporting Person (See Instructions) - IN
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons
Richard Frederick Behnke IRA
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions) PF
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6) Citizenship or Place of Organization - Hawaii
Number of Shares Beneficially Owned by Each Reporting
Person With:
7) Sole Voting Power - 52,725
8) Shared Voting Power -
9) Sole Dispositive Power - 52,725
10) Shared Dispositive Power -
11) Aggregate Amount Beneficially Owned by Each
Reporting Person - 52,725
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
13) Percent of Class Represented by Amount in Row (11)
- 1.7%
14) Type of Reporting Person (See Instructions) - EP
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons
R. B. Value Resources, Inc.
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions) - WC
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6) Citizenship or Place of Organization - Hawaii
Number of Shares Beneficially Owned by Each Reporting
Person With:
7) Sole Voting Power - 51,426
8) Shared Voting Power -
9) Sole Dispositive Power - 51,426
10) Shared Dispositive Power -
11) Aggregate Amount Beneficially Owned by Each
Reporting Person - 51,426
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
13) Percent of Class Represented by Amount in Row (11)
- 1.6%
14) Type of Reporting Person (See Instructions) - CO
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement relates to Class A common stock
of the Security National Financial Corporation
("Issuer"). The principal executive offices of the
Issuer are located at 5300 South 360 West, Salt Lake
City, Utah 84123.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This schedule is filed by Richard F. Behnke
individually, the Richard F. Behnke IRA, and R. B. Value
Resources, Inc. (collectively "Filers"). The officers
and directors of R. B. Value Resources, Inc. are Richard
F. Behnke (president, treasurer, secretary, and
director), and Wade W. Richardson (vice-president and
assistant secretary).
(b) Richard F. Behnke's business address is
1188 Bishop Street, Suite 911, Honolulu, HI 96813. The
principal place of business and principal office of R.
B. Value Resources, Inc. are located at 1188 Bishop
Street, Suite 911, Honolulu, HI 96813. Wade W.
Richardson's residence address is 663 Auwina St., Kailua,
HI 96734.
(c) Mr. Behnke is president of a
broker-dealership and an investment advisor. Mr. Behnke
works at Abel-Behnke Corporation. The address of
Abel-Behnke Corporation is 1188 Bishop Street, Suite 911,
Honolulu, HI 96813. The principal business of
Abel-Behnke Corporation is trading in securities for
others and on its own account, and providing investment
advice.
The principal business of R. B. Value Resources,
Inc. is investing in real estate and securities.
Mr. Richardson is an electronics engineer
employed by ADV Technical Systems, Inc., whose principal
business is electronics servicing. The address of ADV
Technical Systems, Inc. is 1051 Keolu Dr., Suite 210,
Kailua, HI 96734.
(d) & (e) Within the last five years none of
the Filers nor Mr. Richardson has been convicted in a
criminal proceeding, nor have the Filers or Mr.
Richardson been subject to any judicial or administrative
proceeding relating to federal or state securities
matters.
(f) Mr. Behnke and Mr. Richardson are citizens
of the United States. R. B. Value Resources, Inc. is a
Hawaii corporation.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION.
Prior to July 14, 1995, Abel-Behnke Corporation,
a Hawaii corporation, and a broker-dealer registered
under section 15 of the Securities Exchange Act of 1934,
owned 112,272 shares of the Issuer's Class A common
stock. Abel-Behnke Corporation acquired these shares in
the ordinary course of its business and without the
purpose or effect of changing or influencing the control
of the Issuer, nor was the acquisition in connection with
or as a participant in any transaction having such
purpose or effect. Under Rule 13d-1(b), Mr. Behnke and
Abel-Behnke Corporation were exempt from filing a
Schedule 13D.
When these shares were distributed to Mr. Behnke
on August 1, 1995, Mr. Behnke became obligated to file
a Schedule 13D because he did not have the benefit of
Rule 13d-1(b). Since there was no purchase, questions
posed by this Item regarding the source and amount of
funds used to make the purchase putting Mr. Behnke, the
Richard F. Behnke IRA, and R. B. Value Resources, Inc.
over the five percent threshold are not applicable.
Since Mr. Richardson does not hold more than
five percent of the Class A common stock of Issuer,
questions regarding the source of funding for purchases
putting Mr. Richardson over the five percent threshold
are not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
The Filers and Mr. Richardson have no present
intention with respect to their shares of the Issuer's
Class A common stock other than to hold these shares for
investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) & (b) Richard F. Behnke owns 112,272 shares
of the Issuer's Class A common stock, which comprise 3.4%
of the Issuer's outstanding Class A common stock. Mr.
Behnke has sole power to both vote and dispose of these
shares.
The Richard F. Behnke IRA owns 54,725 shares of
the Issuer's Class A common stock, which comprise 1.7%
of the Issuer's outstanding Class A common stock. The
Richard F. Behnke IRA has sole power to both vote and
dispose of these shares.
R. B. Value Resources, Inc. owns 51,426 shares
of the Issuer's Class A common stock, which comprise 1.6%
of the Issuer's outstanding Class A common stock. R. B.
Value Resources, Inc. has sole power to both vote and
dispose of these shares.
Wade W. Richardson, through an IRA, owns about
78,250 shares of the Issuer's Class A common stock, which
comprise about 2.3% of all outstanding shares. Mr.
Richardson has sole power to both vote and dispose of
these shares.
(c) On August 3, 1995 the Richard F. Behnke IRA
acquired 3,000 shares of the Issuer's Class A common
stock at $3.75 per share. The purchase was over-
the-counter for cash.
(d) No other person, other than those already
identified in this Item, has any rights relating to the
dividends or sale proceeds of the securities which are
the subject of this schedule.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Mr. Behnke controls the Richard F. Behnke IRA
and is the sole director and shareholder of R. B. Value
Resources, Inc.
There are no other contracts, arrangements,
understandings, or relationships involving persons listed
in Item 2 relating to the Issuer's Class A common stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A copy of the written agreement relating to the
filing of joint acquisition statements as required by
Rule 13d-1(f) is attached as Exhibit 1.
No copies of written agreements, contracts,
arrangements, understandings, plans or proposals relating
to items addressed in Item 3, Item 4, and Item 6 are
attached because no such documents exist.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
August 24, 1995
/s/RICHARD F. BEHNKE
RICHARD F. BEHNKE
EXHIBIT I
The undersigned agrees that this Schedule 13D
is filed on behalf of Richard F. Behnke, the Richard F.
Behnke IRA, and R. B. Value Resources, Inc.
Richard F. Behnke
Individually and for the Richard F. Behnke IRA
R. B. Value Resources, Inc.
By: Richard F. Behnke
Its President