Sec Form 4 Filing - QUIST GEORGE ROBERT JR @ SECURITY NATIONAL FINANCIAL CORP - 2008-03-31

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 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

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1. Name and Address of Reporting Person QUIST GEORGE ROBERT JR 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) First V.P. and Secretary (Last) (First) (Middle) 9193 SOUTH HIDDEN PEAK DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 03/31/2008 (Street) WEST JORDAN, UT84088 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 01/18/2008 J( 1 ) 2,458 A $ 3.75 51,623 ( 2 ) D Class C Common Stock 01/18/2008 J( 1 ) 2,732 A $ 0.375 57,370 ( 2 ) D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) $ 4.62 ( 3 ) 03/21/2003 A 44,670 ( 3 ) 03/21/2003 03/21/2013 Class A Common Stock 44,670 ( 3 ) $ 4.62 ( 3 ) 44,670 ( 3 ) D Employee Stock Option (right to buy) $ 3.85 03/31/2008 A 20,000 06/30/2008( 4 ) 03/31/2018 Class A Common Stock 20,000 $ 3.85 20,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other QUIST GEORGE ROBERT JR 9193 SOUTH HIDDEN PEAK DRIVE WEST JORDAN, UT84088 First V.P. and Secretary Signatures /s/ George Robert Quist, Jr. 06/12/2008 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Received pursuant to a 5% stock dividend paid on January 18, 2008. ( 2 )Includes 5,250 shares of Class A Common Stock owned jointly by the reporting person and his wife, and 617 shares of Class A Common Stock and 2,468 shares of Class C Common Stock owned jointly by the reporting person and his former wife. Does not include 56,607 shares of Class A Common Stock and 213,119 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan, Associated Investors, the Employee Stock Ownership Plan (ESOP), and the Deferred Compensation Plan. ( 3 )This option was originally reported as covering 35,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted to reflect 5% stock dividends on January 5, 2004, January 22, 2005, January 20, 2006, January 19, 2007, and January 18, 2008. ( 4 )This option vests in four equal quarterly installments of 5,000 shares of Class A Common Stock, beginning on June 30, 2008, until such shares are fully vested.

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).

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