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SEC FORM 4 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 George Robert
(Last) (First) (Middle)
4491 WANDER LANE
(Street)
SALT LAKE CITY UT 84117
(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, CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/23/2004
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
Class A Common Stock 08/23/2004 P 350 A $3.35 554,725 D
Class A Common Stock 12/23/2004 M 42,444 A $4.69 597,169 D
Class A Common Stock 12/23/2004 M 25,854 A $6.49 623,023 D
Class A Common Stock 01/22/2005 J(1) 31,494 A $0 661,374(2) D
class A Common Stock 01/22/2005 J(1) 159,937 A $0 3,358,687(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) $2.64 11/29/2001 A 40,000 11/29/2003 11/29/2008 Class A Common Stock 40,000 $0 40,000(3) D
Employee Stock Option (right to buy) $3.96 07/16/2004 A 50,000 07/16/2004 07/16/2009 Class A Common Stock 50,000 $0 50,000(4) D
Employee Stock Option (right to buy) $3.55 12/10/2004 A 50,000 12/10/2004 12/10/2009 Class A Common Stock 50,000 $0 50,000(5) D
Employee Stock Option (right to buy) $4.69 12/23/2004 M 42,444 11/27/2002 11/27/2007 Class A Common Stock 42,444 $0 0 D
Employee Stock Option (right to buy) $6.49 12/23/2004 M 25,854 03/21/2003 03/21/2008 Class A Common Stock 25,854 $0 0 D
Explanation of Responses:
1. See Exhibit 99 Footnote 1
2. See Exhibit 99 Footnote 2
3. See Exhibit 99 Footnote 3
4. See Exhibit 99 Footnote 4
5. See Exhibit 99 Footnote 5
/s/George R. Quist 03/31/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
                                   EXHIBIT 99

                                George R. Quist
                                ---------------


1/       Received pursuant to a 5% stock dividend paid on January 22, 2005.

2/       Includes 426,375 shares of Class A Common Stock and 3,358,687 shares of
         Class C Common Stock owned by the George R. and Shirley C. Quist Family
         Partnership,  Ltd.,  61,325  shares of Class A Common Stock and 470,581
         shares  of Class C  Common  Stock  owned  indirectly  by the  reporting
         person, including (A) 19,239 shares of Class A Common Stock and 211,358
         shares  of  Class C  Common  Stock  held by  Associated  Investors  and
         allocated to the reporting  person's  partner's account  (including 916
         shares  of Class A Common  Stock  and  10,065  shares of Class C Common
         Stock that were allocated to the reporting  person's  partner's account
         on  January  22,  2005  pursuant  to a 5% stock  dividend  declared  on
         December 10, 2004), of which the reporting  person disclaims voting and
         investment  powers with  respect to such  shares;  (B) 6,177  shares of
         Class  A  Common  Stock  acquired  pursuant  to the  Security  National
         Financial Corporation Tax-Favored Retirement Savings Plan (401(k) Plan)
         and allocated to the reporting person's account (including 34 shares of
         Class A Common Stock the reporting  person acquired and 1,050 shares of
         Class A Common Stock the reporting  person disposed of under the 401(k)
         Plan between  April 1, 2004 and  December  31, 2004,  and 294 shares of
         Class A Common  Stock that were  allocated  to the  reporting  person's
         account on January 22, 2005 pursuant to a 5% stock dividend declared on
         December 10, 2004),  of which the  reporting  person  disclaims  voting
         powers and investment with respect to such shares;  (C) 8,476 shares of
         Class A Common  Stock  and  259,223  shares  of  Class C  Common  Stock
         acquired under the Security  National  Financial  Corporation  Employee
         Stock  Ownerships  Plan  (ESOP),  in reliance  on old Rule  16a-8(g)(3)
         (including  5,808 shares of Class A Common Stock the  reporting  person
         disposed of under the ESOP Plan between  April 1, 2004 and December 31,
         2004,  and 404  shares of Class A Common  Stock and  121,344  shares of
         Class C Common  Stock that were  allocated  to the  reporting  person's
         account on January 22, 2005 pursuant to a 5% stock dividend declared on
         December 10, 2004), of which the reporting  person disclaims voting and
         investment powers with respect to such shares; and (D) 27,433 shares of
         Class A Common Stock  acquired  under the Security  National  Financial
         Corporation Deferred Compensation Plan (including 6,080 shares of Class
         A Common  Stock  the  reporting  person  acquired  under  the  Deferred
         Compensation  Plan between  April 1, 2004 and  December  31, 2004,  and
         1,306  shares  of Class A  Common  Stock  that  were  allocated  to the
         reporting  person's  account on January 22, 2005 pursuant to a 5% stock
         dividend on December 10, 2004), of which the reporting person disclaims
         voting and investment powers with respect to such shares. The reporting
         person disclaims beneficial ownership of the reported securities except
         to the extent of his pecuniary interest therein.

3/       Grant to reporting person of options to purchase 40,000 shares of Class
         A Common Stock under the Security National  Financial  Corporation 1993
         Stock Option Plan. The options became exercisable on November 29, 2003.

4/       Grant to reporting person of options to purchase 50,000 shares of Class
         A Common Stock under the Security National  Financial  Corporation 2003
         Stock Option Plan. The options became exerciseable on July 16, 2004.

5/       Grant to reporting person of options to purchase 50,000 shares of Class
         A Common Stock under the Security National  Financial  Corporation 2003
         Stock  Option Plan.  The options  became  exerciseable  on December 10,
         2004.