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 LANE (Street) SALT LAKE CITY 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) President and C.O.O.
	3. Date of Earliest Transaction (Month/Day/Year) 12/05/2008
	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	02/06/2009		J(1)	V	7,208	A	$1.5	151,359(2)	D
Class C Common Stock	02/06/2009		J(1)	V	63,553	A	$0.15	1,334,619(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)	$4.4(3)	03/21/2003		A		93,807(3)		03/21/2003	03/21/2013	Class A Common Stock	93,807(3)	$4.4(3)	93,807(3)	D
Employee Stock Option (right to buy)	$2.89(4)	03/25/2005		A		85,085(4)		03/25/2005	03/25/2015	Class A Common Stock	85,085(4)	$2.89(4)	85,085(4)	D
Employee Stock Option (right to buy)	$0.403(5)	03/31/2008		A		525,000(5)		06/30/2008(5)	03/31/2013	Class C Common Stock	525,000(5)	$0.403(5)	525,000(5)	D
Employee Stock Option (right to buy)	$1.57(6)	12/05/2008		A		40,869(6)		03/31/2009(6)	12/05/2013	Class A Common Stock	40,869(6)	$1.57(6)	40,869(6)	D
Employee Stock Option (right to buy)	$0.157(6)	12/05/2008		A		641,308(6)		03/31/2009(6)	12/05/2013	Class C Common Stock	641,308(6)	$0.157(6)	641,308(6)	D

Explanation of Responses:

1. Received pursuant to a 5% stock dividend paid on February 6, 2009.

2. Owned jointly by the reporting person and his wife. Does not include 157,147 shares of Class A Common Stock and 272,206 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), Associated Investors, the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan.

3. This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted to reflect 5% stock dividends paid on January 19, 2004, February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, and February 6, 2009.

4. This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, and February 6, 2009.

5. This option was originally reported as covering as either 50,000 shares of Class A Common Stock or 500,000 shares of Class C Common Stock at an exercise price of $.4235 per share for the purchase of Class C Common Shares, but adjusted to reflect a 5% dividend paid on February 6, 2009. This option vests in four equal quarterly installments beginning on June 30, 2008, until such shares are fully vested.

6. This option was granted on December 5, 2008 for either 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.165 per share, or any combination thereof, but adjusted to reflect a 5% dividend paid on February 6, 2009. This option vests in four equal quarterly installments beginning on March 31, 2009, until such shares are fully vested. Pursuant to the reporting person's election, this option now consists of an option to purchase 40,869 shares of Class A Common Stock at an exercise price of $1.57 per share and an option to purchase 641,308 shares of Class C Common Stock at an exercise price of $.157 per share, after adjustments to reflect a 5% dividend paid on February 6, 2009.

	/s/ Scott M. Quist	06/03/2009
	** 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).
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