Annual Statement of Changes in Beneficial Ownership (5)

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Quist S. Andrew	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 _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) VP; Assoc. Gen. Counsel
(Last) (First) (Middle) 272 EAST BROADLEAF CIRCLE	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/27/2016
(Street) DRAPER, UT 84020 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/27/2016		G	2000	D	$0	10030 ⁽¹⁾	D

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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 (MM/DD/YYYY)		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 at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$1.01 ⁽²⁾	12/2/2011		A	19145 ⁽²⁾		3/2/2012	12/2/2021	Class A Common Stock	19145 ⁽²⁾	$1.01 ⁽²⁾	19145 ⁽²⁾	D
Employee Stock Option (right to buy)	$1.27 ⁽³⁾	4/13/2012		A	18233 ⁽³⁾		7/13/2012	4/13/2022	Class A Common Stock	18233 ⁽³⁾	$1.27 ⁽³⁾	18233 ⁽³⁾	D
Employee Stock Option (right to buy)	$4.16 ⁽⁴⁾	12/6/2013		A	11576 ⁽⁴⁾		3/6/2014	12/6/2023	Class A Common Stock	11576 ⁽⁴⁾	$4.16 ⁽⁴⁾	11576 ⁽⁴⁾	D
Employee Stock Option (right to buy)	$3.88 ⁽⁵⁾	7/2/2014		A	11025 ⁽⁵⁾		10/2/2014	7/2/2024	Class A Common Stock	11025 ⁽⁵⁾	$3.88 ⁽⁵⁾	11025 ⁽⁵⁾	D
Employee Stock Option (right to buy)	$4.53 ⁽⁶⁾	12/5/2014		A	22050 ⁽⁶⁾		3/5/2015	12/5/2024	Class A Common Stock	22050 ⁽⁶⁾	$4.53 ⁽⁶⁾	22050 ⁽⁶⁾	D
Employee Stock Option (right to buy)	$6.38 ⁽⁷⁾	12/4/2015		A	21000 ⁽⁷⁾		3/4/2016 ⁽⁷⁾	12/4/2025	Class A Common Stock	21000 ⁽⁷⁾	$6.38 ⁽⁷⁾	21000 ⁽⁷⁾	D
Employee Stock Option (right to buy)	$7.03 ⁽⁸⁾	12/2/2016		A	20000 ⁽⁸⁾		3/2/2017 ⁽⁸⁾	12/2/2026	Class A Common Stock	20000 ⁽⁸⁾	$7.03 ⁽⁸⁾	20000 ⁽⁸⁾	D

Explanation of Responses:
( 1)	Does not include 42,325 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
( 2)	This option was granted on December 2, 2011 as an option for 15,000 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 5% stock dividends paid on February 3, 2012, February 1, 2013, February 7, 2014, February 6, 2015 and February 5, 2016.
( 3)	This option was granted on April 14, 2012 as an option for 15,000 shares of Class A Common Stock at an exercise price of $1.56 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014, February 6, 2015 and February 5, 2016.
( 4)	This option was granted on December 6, 2013 as an option for 10,000 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015 and February 5, 2016.
( 5)	This option was granted on July 2, 2014 as an option for 10,000 shares of Class A Common Stock at an exercise price of $4.29 per share but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.
( 6)	This option was granted on December 5, 2014 as an option for 20,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.
( 7)	This option was granted on December 4, 2015 as an option for 20,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 5, 2016. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 4, 2016, until such shares are fully vested.
( 8)	This option was granted on December 2, 2016 as an option for 20,000 shares of Class A Common Stock at an exercise price of $7.03 per share. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 2, 2017, until such shares are fully vested.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Quist S. Andrew 272 EAST BROADLEAF CIRCLE DRAPER, UT 84020	X		VP; Assoc. Gen. Counsel

Signatures
/s/S. Andrew Quist		1/11/2017
^** Signature of Reporting Person		Date

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*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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