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 R. (Last) (First) (Middle) 4491 WANDER LANE (Street) SALT LAKE CITY UT 84106 (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 and C.E.O.
	3. Date of Earliest Transaction (Month/Day/Year) 08/25/2010
	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	08/25/2010		G		1,000	D	$1.79	1,011,636(1)	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)	$3.21(2)	03/23/2010		M		5,166(2)		03/25/2005	03/25/2010	Class A Common Stock	5,166(2)	$3.21(2)	5,166(2)	D
Employee Stock Option (right to buy)	$3.84(3)	03/31/2008		A		55,125(3)		06/30/2008	03/31/2013	Class A Common Stock	55,125(3)	$3.84(3)	55,125(3)	D
Employee Stock Option (right to buy)	$1.5(4)	12/05/2008		A		110,250(4)		03/31/2009	12/05/2013	Class A Common Stock	110,250(4)	$1.5(4)	110,250(4)	D
Employee Stock Option (right to buy)	$3.69(5)	12/04/2009		A		105,000(5)		03/31/2010(5)	12/04/2014	Class A Common Stock	105,000(5)	$3.69(5)	105,000(5)	D

Explanation of Responses:

1. Includes 614,556 shares of Class A Common Stock owned by George R. and Shirley C. Quist Family Partnership, Ltd. Does not include 83,315 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, and the Deferred Compensation Plan.

2. This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.86 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009 and February 5, 2010.

3. This option was originally reported as covering 50,000 shares of Class A Common Stock at an exercise price of $4.235 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009 and February 5, 2010.

4. This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share, but adjusted to reflect 5% stock dividends paid on February 6, 2009 and February 5, 2010.

5. This option was originally reported as covering 100,000 shares of Class A Common Stock at an exercise price of $3.872 per share, but adjusted to reflect a 5% dividend paid on February 5, 2010. This option vests in four equal quarterly installments of 25,000 shares of Class A Common Stock, beginning on March 31, 2010, until such shares are vested.

	/s/ George R. Quist	08/27/2010
	** 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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