-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IyCMqt5NWeagAAPKKyydFwf2qdGQZ5D5mB3FopcIStt2xR3+tBzW3mKaZkqSThku
 uGwY9vYzdV/ugBoN0IGEIw==

<SEC-DOCUMENT>0000318673-04-000032.txt : 20040728
<SEC-HEADER>0000318673-04-000032.hdr.sgml : 20040728
<ACCEPTANCE-DATETIME>20040727134609
ACCESSION NUMBER:		0000318673-04-000032
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030228
FILED AS OF DATE:		20040727

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Quist George Robert
		CENTRAL INDEX KEY:			0001298092

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09341
		FILM NUMBER:		04932997

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		801  278 1072

	MAIL ADDRESS:	
		STREET 1:		4491 WANDER LANE
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84117

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SECURITY NATIONAL FINANCIAL CORP
		CENTRAL INDEX KEY:			0000318673
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				870345941
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157
		BUSINESS PHONE:		8012641060

	MAIL ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SNL FINANCIAL CORP
		DATE OF NAME CHANGE:	19910401
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>frm4grq_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2003-02-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000318673</issuerCik>
        <issuerName>SECURITY NATIONAL FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>SNFCA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001298092</rptOwnerCik>
            <rptOwnerName>Quist George Robert</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4491 WANDER LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SALT LAKE CITY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84117</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2003-02-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>G</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3004</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>554375</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2003-03-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2003-03-21</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-03-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100000</value>
                    <footnoteId id="F7"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.69</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2002-11-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>80000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2002-11-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2007-11-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>80000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>80000</value>
                    <footnoteId id="F6"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.64</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2001-11-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>40000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2003-11-29</value>
            </exerciseDate>
            <expirationDate>
                <value>2006-11-29</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>40000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>40000</value>
                    <footnoteId id="F5"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 400,263 shares of Class A Common Stock owned by George R. and Shirley C. Quist Family Partnership, Ltd. On April
12,1999, March 28, 2002 and January 21, 2003, Mr. Quist made irrevocable transfers of 28,068 shares of Class A Common Stock,
36,360 shares of Class A Common Stock and 17,956 shares of Class A Common Stock, respectively, to the George R. and Shirley
C. Quist Family Partnership, Ltd. On January 19, 2004, the reporting person received 26,962 shares of Class A Common Stock
purusant to a 5% stock dividend declared on December 4, 2003. Does not include 3,198,750 shares of Class C Common Stock
owned by the George R. and Shirley C. Quist Family Partnership, Ltd., and 59,202 shares of Class A Common Stock and 445,125
shares of Class C Common Stock owned indirectly by the reporting person, including (A) 18,376 shares of Class A Common Stock
and 198,246 shares of Class C Common Stock held by Associated Investors and allocated to the reporting person's partner's</footnote>
        <footnote id="F2">(including 926 shares of Class A Common Stock and 6,538 shares of Class C Common Stock that were allocated to the reporting
person's partner's account on January 19, 2004 pursuant to a 5% stock dividend declared on December 4, 2003), of which
reporting person disclaims voting and investment powers with respect to such shares; (B) 6,899 shares of Class A Common
Stock acquired pursuant to the Security National Financial Corporation Tax-Favored Retirement Savings Plan (401(k) Plan) and
allocated to the reporting person's account (including 421 shares of Class A Common Stock the reporting person acquired and
381 shares of Class A Common Stock the reporting person disposed of under the 401(k) Plan between April 1, 2003 and March 31,
2004, and 289 shares of Class A Common Stock that were allocated to reporting person's account on January 19, 2004 pursuant
to a 5% stock divident declared on December 4, 2003), of which the reporting person disclaims voting powers</footnote>
        <footnote id="F3">and investment with respect to such shares; (C) 13,880 shares of Class A Common Stock and 246,879 shares of Class C Common
Stock acquired under the Security National Financial Corporation Employee Stock Ownership Plan (ESOP), in reliance on old
Rule 16a-8(g)(3),
(including 2,230 shares of Class A Common Stock the reporting person acquired under the ESOP between April 1, 2003 and March
31, 2004, and 660 shares of Class A Common Stock and 11,756 shares of Class C Common Stock that were allocated to the
reporting person's account on January 19, 2004 pursuant to a 5% stock dividend declard on December 4, 2003), of which the
reporting person disclaims voting and investment powers with respect to such shares; and (D) 20,047 shares of Class A Common
Stock acquired under the Security National Financial Corporation Deferred Compensation Plan (including 3,098 shares of Class
A Common Stock the reporting person acquired under the Deferred Compensation Plan between April 1, 2003</footnote>
        <footnote id="F4">and March 31, 2004, and 955 shares of Class A Common Stock that were allocated to the reporting person's account on January
19,
2004 pusuant to a 5% stock dividend on
December 4, 2003), of which the reporting person disclaims voting and investment powers with respect to such shares. The
reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest
therein.</footnote>
        <footnote id="F5">Grant to reporting person of options to purchase 40,000 shares of Class A Common Stock under the Security National Financial
Corporation 1993 Stock Option Plan. The options became exercisable on November 29, 2003.</footnote>
        <footnote id="F6">Grant to reporting person of options to purchase 80,000 shares of Class A Common Stock under the Security National Financial
Corporation 1993 Stock Option Plan. The options became exercisable on November 27, 2002.</footnote>
        <footnote id="F7">Grant to reporting person of options to purchase 100,000 shares of Class A Common Stock under the Security National Financial
Corporation 1993 Stock Option Plan. The options became exercisable on March 21, 2003.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>George R. Quist</signatureName>
        <signatureDate>2004-05-30</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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