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 Counsel/Corp Secretary
(Last)         (First)         (Middle)
38 NORTHRIDGE WAY
3. Date of Earliest Transaction (MM/DD/YYYY)
3/27/2020
(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  2/7/2020    J(1)   V 47  A $5.66  980 (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)  $1.04 (3) 4/13/2012    A     3695 (3)     7/13/2012  4/13/2022  Class A Common Stock  3695 (3) $1.04 (3) 3695 (3) D   
Employee Stock Option (right to buy)  $3.38 (4) 12/6/2013    A     3519 (4)     3/6/2014  12/6/2023  Class A Common Stock  3519 (4) $3.38 (4) 3519 (4) D   
Employee Stock Option (right to buy)  $3.17 (5) 7/2/2014    A     3351 (5)     10/2/2014  7/2/2024  Class A Common Stock  3351 (5) $3.17 (5) 3351 (5) D   
Employee Stock Option (right to buy)  $3.7 (6) 12/5/2014    A     6701 (6)     3/5/2015  12/5/2024  Class A Common Stock  6701 (6) $3.7 (6) 6701 (6) D   
Employee Stock Option (right to buy)  $5.2 (7) 12/4/2015    A     6382 (7)     3/4/2016  12/4/2025  Class A Common Stock  6382 (7) $5.2 (7) 6382 (7) D   
Employee Stock Option (right to buy)  $5.73 (8) 12/2/2016    A     6078 (8)     3/2/2017  12/2/2026  Class A Common Stock  6078 (8) $5.73 (8) 6078 (8) D   
Employee Stock Option (right to buy)  $4.33 (9) 12/1/2017    A     5789 (9)     3/1/2018  12/1/2027  Class A Common Stock  5789 (9) $4.33 (9) 5789 (9) D   
Employee Stock Option (right to buy)  $4.98 (10) 11/30/2018    A     8269 (10)     2/28/2019  11/30/2028  Class A Common Stock  8269 (10) $4.98 (10) 8269 (10) D   
Employee Stock Option (right to buy)  $5.19 (11) 12/6/2019    A     7875 (11)     3/6/2020 (11) 12/6/2029  Class A Common Stock  7875 (11) $5.19 (11) 7875 (11) D   
Employee Stock Option (right to buy)  $3.76 (12) 3/27/2020    A     7500 (12)     6/27/2020 (12) 3/27/2030  Class A Common Stock  7500 (12) $3.76 (12) 7500 (12) D   

Explanation of Responses:
(1)  Received pursuant to a stock dividend paid on February 7, 2020.
(2)  Does not include 85,341 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, February 1, 2019, and February 7, 2020. 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 Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (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, February 1, 2019, and February 7, 2020.
(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, February 1, 2019, and February 7, 2020.
(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, February 1, 2019, and February 7, 2020.
(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, February 1, 2019, and February 7, 2020.
(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, February 1, 2019, and February 7, 2020.
(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, February 1, 2019, and February 7, 2020.
(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 5% stock dividends paid on February 1, 2019 and February 7, 2020.
(11)  This option was granted on December 6, 2019 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect stock dividends paid on February 7, 2020. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 6, 2020, until such shares are fully vested.
(12)  This option was granted on March 27, 2020 as an option for 7,500 shares of Class A Common Stock at an exercise price of $3.76 per share. This option vests in four equal quarterly installments of Class A Common Stock, beginning on June 27, 2020, 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 Counsel/Corp Secretary

Signatures
/s/ Jeffrey R. Stephens 6/8/2020
**Signature of Reporting Person Date
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