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
                                                                                  
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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 * Stephens Jeffrey Russell 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)
Sr. Gen Council; Corp Sec
(Last)          (First)          (Middle)
38 NORTHRIDGE WAY
3. Date of Earliest Transaction (MM/DD/YYYY)
2/1/2019
(Street)
SANDY, UT 84092
(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)
Code V Amount (A) or (D) Price
Class A Common Stock   2/1/2019     J (1)   V 44   A $5.61   933   (2) 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)   $1.09   (3) 4/13/2012     A      3519   (3)      7/13/2012   4/13/2022   Class A Common Stock   3519   (3) $1.09   (3) 3519   (3) D    
Employee Stock Option (right to buy)   $3.56   (4) 12/6/2013     A      3351   (4)      3/6/2014   12/6/2023   Class A Common Stock   3351   (4) $3.56   (4) 3351   (4) D    
Employee Stock Option (right to buy)   $3.34   (5) 7/2/2014     A      3191   (5)      10/2/2014   7/2/2024   Class A Common Stock   3191   (5) $3.34   (5) 3191   (5) D    
Employee Stock Option (right to buy)   $3.89   (6) 12/5/2014     A      6382   (6)      3/15/2015   12/5/2024   Class A Common Stock   6382   (6) $3.89   (6) 6382   (6) D    
Employee Stock Option (right to buy)   $5.47   (7) 12/4/2015     A      6078   (7)      3/4/2016   12/4/2025   Class A Common Stock   6078   (7) $5.47   (7) 6078   (7) D    
Employee Stock Option (right to buy)   $6.03   (8) 12/2/2016     A      5789   (8)      3/2/2017   12/2/2016   Class A Common Stock   5789   (8) $6.03   (8) 5789   (8) D    
Employee Stock Option (right to buy)   $4.56   (9) 12/1/2017     A      5513   (9)      3/1/2018   12/1/2027   Class A Common Stock   5513   (9) $4.56   (9) 5513   (9) D    
Employee Stock Option (right to buy)   $5.24   (10) 11/30/2018     A      7875   (10)      2/28/2019   (10) 11/30/2028   Class A Common Stock   7875   (10) $5.24   (10) 7875   (10) D    

Explanation of Responses:
(1)  Received pursuant to a stock dividend paid on February 1, 2019.
(2)  Does not include 83,718 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
(3)  This option was granted on April 13, 2012 as an option for 5,000 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, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019. On December 4, 2012, the reporting person exercised part of these options to purchase 2,500 shares of Class A Common Stock.
(4)  This option was granted on December 6, 2013 as an option for 2,500 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 2013 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.
(5)  This option was granted on July 2, 2014 as an option for 2,500 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, February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.
(6)  This option was granted on December 5, 2014 as an option for 5,000 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 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.
(7)  This option was granted on December 4, 2015 as an option for 5,000 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 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, and February 1, 2019.
(8)  This option was granted on December 2, 2016 as an option for 5,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, and February 1, 2019.
(9)  This option was granted on December 1, 2017 as an option for 5,000 shares of Class A Common Stock at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018 and February 1, 2019.
(10)  This option was granted on November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 1, 2019. This option vests in four equal quarterly installments of Class A Common Stock, beginning on February 28, 2019, until such shares are fully vested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Stephens Jeffrey Russell
38 NORTHRIDGE WAY
SANDY, UT 84092


Sr. Gen Council; Corp Sec

Signatures
/s/Jeffrey Russell Stephens 2/11/2019
** 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.
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