Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
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)
President,Chief Operating Offi
(Last)
(First)
(Middle)
7 WANDERWOOD WAY		 3. Date of Earliest Transaction (Month/Day/Year)
12/02/2011
(Street)

SANDY, UT 84092		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Class A Common Stock 02/03/2012   J(1) V 8,344 A $ 1.43 175,217 (2) D  
Class C Common Stock 02/03/2012   J(1) V 73,571 A $ 0.143 1,544,989 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 Underlying Securities
(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) $ 3.8 (3) 03/21/2003   A   108,593 (3)   03/21/2003 03/21/2013 Class A Common Stock 108,593 (3) $ 3.8 (3) 108,593 (3) D  
Employee Stock Option (right to buy) $ 2.49 (4) 03/25/2005   A   98,497 (4)   03/25/2005 03/25/2015 Class A Common Stock 98,497 (4) $ 2.49 (4) 98,497 (4) D  
Employee Stock Option (right to buy) $ 0.348 (5) 03/31/2008   A   607,754 (5)   03/31/2009 03/31/2013 Class C Common Stock 607,754 (5) $ 0.348 (5) 607,754 (5) D  
Employee Stock Option (right to buy) $ 1.36 (6) 12/05/2008   A   47,312 (6)   12/05/2009 12/05/2013 Class A Common Stock 47,312 (6) $ 1.36 (6) 47,312 (6) D  
Employee Stock Option (right to buy) $ 0.136 (6) 12/05/2008   A   742,395 (6)   12/05/2009 12/05/2013 Class C Common Stock 742,395 (6) $ 0.136 (6) 742,395 (6) D  
Employee Stock Option (right to buy) $ 0.334 (7) 12/04/2009   A   1,157,625 (7)   03/31/2010 12/04/2014 Class C Common Stock 1,157,625 (7) $ 0.334 (7) 1,157,625 (7) D  
Employee Stock Option (right to buy) $ 0.183 (8) 12/03/2010   A   1,102,500 (8)   03/31/2011 12/03/2015 Class C Common Stock 1,102,500 (8) $ 0.183 (8) 1,102,500 (8) D  
Employee Stock Option (right to buy) $ 1.37 (9) (10) 12/02/2011   A   105,000 (9) (10)   03/31/2011(9)(10) 12/02/2015 Class A Common Stock 105,000 (9) (10) $ 1.37 (9) (10) 105,000 (9) (10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
QUIST SCOTT M
7 WANDERWOOD WAY
SANDY, UT 84092		   X   X   President,Chief Operating Offi  

Signatures

 /s/Scott M. Quist   03/07/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Received pursuant to a 5% stock dividend declared on December 2, 2011 and paid on February 3, 2012.
(2) Owned jointly by the reporting person and his wife. Does not include 230,644 shares of Class A Common Stock and 335,213 shares of Class C Common Stock owned indirectly by the reporting person in the Employee Stock Ownership Plan (ESOP), Associated Investors, the 401(k) Retirement Savings Plan, and the Deferred Compensation Plan.
(3) This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted pursuant to the anti-dilution provisions of the 1993 Stock Option Plan to reflect 5% stock dividends paid on January 19, 2004, February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.
(4) This option was originally reported as an option for 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010, February 4, 2011 and February 3, 2012.
(5) This option was originally granted as an option for either 50,000 shares of Class A Common Stock at an exercise price of $4.24 per share or 500,000 share of Class C Common Stock at an exercise price of $0.424 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 500,000 shares of Class C Common Stock at an exercise price of $0.424 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.
(6) This option was originally granted as an option for either 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share or 1,000,000 share of Class C Common Stock at an exercise price of $0.165 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 38,923 shares of Class A Common Stock at an exercise price of $1.65 per share and 610,770 shares of Class C Common Stock at an exercise price of $0.165 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.
(7) This option was originally granted as an option for either 100,000 share of Class A Common Stock at an exercise price of $3.87 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.387 per share. or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price of $.387 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to relfect 5% stock dividends paid on Feburary 5, 2010, February 4, 2011 and February 3, 2012.
(8) This option was originally granted as an option for either 100,000 shares of Class A Commono Stock at an exercise price of $2.01 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $0.201 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 1,000,000 shares of Class C Common Stock at an exercise price of $0.201 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to relfect 5% stock dividends paid on Febuary 4, 2011 and February 12, 2012.
(9) 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 1,000,000 shares of Class C Common Stock at an exercise price of $0.143 per share, or any combination thereof. Because there are only five shares of Class C Common Stock remaining to be issued under the 2003 Stock Option Plan, the reporting person cannot elect at this time the option for 1,000,000 shares of Class C Common Stock. Thus this option reflects an option for 100,000 shares of Class A 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 a 5% stock dividend paid on February 3, 2012.
(10) This option vests in four equal quarterly installments, beginning on March 31, 2012, until such shares are fully vested. At such time as the Stock Option Plan is amended to provide for the issuance of an additional 1,000,000 shares of Class C Common Stock, the reporting person will elect to have the option for 1,000,000 shares of Class C common Stock at an exercise price of $0.143 per share.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.