FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
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 SCOTT M 		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 of Board; Pres; CEO
(Last)          (First)          (Middle)

7 WANDERWOOD WAY 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/13/2016
(Street)

SANDY, UT 84092
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

12/27/2016 
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)
Code V Amount (A) or (D) Price
Class C Common Stock   10/13/2016     M    127629   A $1.12   852425   (1) D    
Class C Common Stock   10/13/2016     F    22654   D $6.31   829771   (1) D    
Class A Common Stock   10/13/2016     S    29393   (2) D $6.31   6616   (3) D    

Table II - Derivative Securities 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 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 of Derivative Security: 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)   $1.12   (4) 12/2/2011     M         127629   (4)   3/2/2012   12/2/2016   Class C Common Stock   127629   (4) $1.12   (4) 0   (4) D    
Employee Stock Option (right to buy)   $1.38   (5) 4/13/2012     A      121551   (5)      7/13/2012   4/13/2017   Class C Common Stock   121551   (5) $1.38   (5) 121551   (5) D    
Employee Stock Option (right to buy)   $4.55   (6) 12/6/2013     A      57881   (6)      3/6/2014   12/6/2018   Class C Common Stock   57881   (6) $4.55   (6) 57881   (6) D    
Employee Stock Option (right to buy)   $4.26   (7) 7/2/2014     A      55125   (7)      10/2/2014   7/2/2019   Class C Common Stock   55125   (7) $4.26   (7) 55125   (7) D    
Employee Stock Option (right to buy)   $4.98   (8) 12/5/2014     A      110250   (8)      3/5/2015   12/5/2019   Class C Common Stock   110250   (8) $4.98   (8) 110250   (8) D    
Employee Stock Option (right to buy)   $7.02   (9) 12/4/2015     A      105000   (9)      3/4/2016   12/4/2020   Class C Common Stock   105000   (9) $7.02   (9) 105000   (9) D    
Employee Stock Option (right to buy)   $7.73   (10) 12/2/2016     A      80000   (10)      3/2/2017   (10) 12/2/2021   Class C Common Stock   80000   (10) $7.73   (10) 80000   (10) D    

Explanation of Responses:
(1)  Owned jointly by the reporting person and his wife. Does not include a total of 77,981 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, and Associated Investors.
(2)  Private sale of 29,393 shares of Class A Common Stock to Security National Financial Corporation with proceeds from such sale to be used to pay the taxes owed by the reporting person as a result of the exercise of his stock options on October 13, 2016.
(3)  Owned jointly by the reporting person and his wife. Does not include a total of 288,413 shares of Class A Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan.
(4)  This option was granted on December 2, 2011 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.43 per share or 100,000 shares of Class C Common Stock at an exercise price of $1.43 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $1.43 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.
(5)  This option was granted on April 13, 2012 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.34 per share or 100,000 shares of Class C Common Stock at an exercise price of $1.34 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $1.34 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.
(6)  This option was granted on December 6, 2013 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $5.34 per share or 50,000 shares of Class C Common Stock at an exercise price of $5.34 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $5.34 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.
(7)  This option was granted on July 2, 2014 as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.72 per share or 50,000 shares of Class C Common Stock at an exercise price of $4.72 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock at an exercise price of $4.72 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.
(8)  This option was granted on December 5, 2014 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 100,000 shares of Class C Common Stock at an exercise price of $5.52 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $5.52 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.
(9)  This option was granted on December 4, 2015 as an option for either 100,000 shares of Class A Common Stock at an exercise price of $7.39 per share or 100,000 shares of Class C Common Stock at an exercise price of $7.39 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 100,000 shares of Class C Common Stock at an exercise price of $7.39 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 5, 2016. The option vests in four quarterly installments of Class C Common Stock, beginning on March 4, 2016, until such shares are fully vested.
(10)  This option was granted on December 2, 2016 as an option for either 80,000 shares of Class A Common Stock at an exercise price of $7.73 per share or 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 80,000 shares of Class C Common Stock at an exercise price of $7.73 per share. The option vests in four quarterly installments of Class C Common Stock, beginning on March 2, 2017, until such shares are fully vested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
QUIST SCOTT M
7 WANDERWOOD WAY
SANDY, UT 84092 		X X Chairman of Board; Pres; CEO

Signatures
/s/Scott M. Quist 4/5/2017
** 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 control number.
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Security National Financ... Charts.
Security National Financ... (NASDAQ:SNFCA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Security National Financ... Charts.