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* SILL STEPHEN M (Last) (First) (Middle) 1595 NORTH FORT LANE (Street) LAYTON UT 84041 (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) Director 10% Owner X Officer (give title below) Other (specify below) V.P., Treasurer and CFO
	3. Date of Earliest Transaction (Month/Day/Year) 04/13/2012
	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

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)	$3.17(1)	03/31/2008		A		9,116(1)		06/30/2008	03/31/2018	Class A Common Stock	9,116(1)	$3.17(1)	9,116(1)	D
Employee Stock Option (right to buy)	$3.04(2)	12/04/2009		A		8,682(2)		03/31/2010	12/04/2019	Class A Common Stock	8,682(2)	$3.04(2)	8,682(2)	D
Employee Stock Option (right to buy)	$1.66(3)	12/03/2010		A		8,269(3)		03/31/2011	12/03/2020	Class A Common Stock	8,269(3)	$1.66(3)	8,269(3)	D
Employee Stock Option (right to buy)	$1.24(4)	12/02/2011		A		7,875(4)		03/31/2012	12/03/2021	Class A Common Stock	7,875(4)	$1.24(4)	7,875(4)	D
Employee Stock Option (right to buy)	$1.56(5)	04/13/2012		A		7,500(5)		09/30/2012(5)	04/13/2022	Class A Common Stock	7,500(5)	$1.56(5)	7,500(5)	D

Explanation of Responses:

1. This option was originally reported as an option for 7,500 shares of Class A Common Stock at an exercise price of $3.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.

2. This option was originally reported as an option for 7,500 shares of Class A Common Stock at an exercise price of $3.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011 and February 3, 2012.

3. This option was originally reported as an option for 7,500 shares of Class A Common Stock at an exercise price of $1.83 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 4, 2011 and February 3, 2012.

4. This option was granted on December 2, 2011 as an option for 7,500 shares of Class A Common Stock at an exercise price of $1.30 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect a 5% stock dividend paid on February 3, 2012. The option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2012, until such shares are fully vested.

5. This option was granted on April 13, 2012 as an option for 7,500 shares of Class A Common Stock at an exercise price of $1.56 per share. The option vests in four equal quarterly installments of Class A Common Stock, beginning on September 30, 2012, until such shares are fully vested.

	/s/ Stephen M. Sill	05/25/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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