<SEC-DOCUMENT>0001096906-11-000503.txt : 20110316
<SEC-HEADER>0001096906-11-000503.hdr.sgml : 20110316
<ACCEPTANCE-DATETIME>20110316115854
ACCESSION NUMBER:		0001096906-11-000503
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101203
FILED AS OF DATE:		20110316
DATE AS OF CHANGE:		20110316

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			QUIST SCOTT M
		CENTRAL INDEX KEY:			0001268844

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09341
		FILM NUMBER:		11690899

	MAIL ADDRESS:	
		STREET 1:		7 WANDERWOOD WAY
		CITY:			SANDY
		STATE:			UT
		ZIP:			84092

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>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
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    <periodOfReport>2010-12-03</periodOfReport>

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

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        <reportingOwnerId>
            <rptOwnerCik>0001268844</rptOwnerCik>
            <rptOwnerName>QUIST SCOTT M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7 WANDERWOOD WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SANDY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84092</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Pres.&amp; Chief Operating Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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                <value>Class A Common Stock</value>
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                <value>2011-02-04</value>
            </transactionDate>
            <transactionCoding>
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            <transactionTimeliness>
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            <transactionAmounts>
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                    <value>7946</value>
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                <transactionPricePerShare>
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            <transactionDate>
                <value>2008-03-31</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness>
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            <conversionOrExercisePrice>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
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            <transactionTimeliness>
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        <derivativeTransaction>
            <securityTitle>
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                    <footnoteId id="F7"/>
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                <value>2010-03-31</value>
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                <value>2014-12-04</value>
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                <underlyingSecurityTitle>
                    <value>Class C Common Stock</value>
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            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
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                <value>0.191</value>
                <footnoteId id="F8"/>
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            <transactionDate>
                <value>2010-12-03</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
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                <value></value>
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                    <footnoteId id="F8"/>
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                    <value>0.191</value>
                    <footnoteId id="F8"/>
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            <exerciseDate>
                <value>2011-03-31</value>
                <footnoteId id="F8"/>
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            <expirationDate>
                <value>2015-12-03</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class C Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1050000</value>
                    <footnoteId id="F8"/>
                </underlyingSecurityShares>
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                    <value>1050000</value>
                    <footnoteId id="F8"/>
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    <footnotes>
        <footnote id="F1">Received pursuant to a 5% stock dividend paid on February 4, 2011.</footnote>
        <footnote id="F2">Owned jointly by the reporting person and his wife. Does not include 198,328 shares of Class A Common Stock and 319,250 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.</footnote>
        <footnote id="F3">This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $5.90 per share, but adjusted 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 and February 4, 2011.</footnote>
        <footnote id="F4">This option was originally reported as covering 70,000 shares of Class A Common Stock at an exercise price of $3.51 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, February 6, 2009, February 5, 2010 and February 4, 2011.</footnote>
        <footnote id="F5">This option was originally reported as covering as either 50,000 shares of Class A Common Stock at an exercise price per share of $4.235 per share or 500,000 shares of Class C Common Stock at an exercise price of $.4235 per share for the purchase of Class C Common Shares, but adjusted to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011. Pursuant to the reporting person's election, this option now consists of an option to purchase 578,813 shares of Class C Common Stock at an exercise price of $.365 per share, after adjustments to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011.</footnote>
        <footnote id="F6">This option was originally reported as either 100,000 shares of Class A Common Stock at an exercise price of $1.65 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.165 per share, or any combination thereof, but adjusted to reflect 5% dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011. Pursuant to the reporting person's election, this option now consists of an option to purchase 45,059 shares of Class A Common Stock at an exercise price of $1.43 per share and an option to purchase 707,043 shares of Class C Common Stock at an exercise price of $.143 per share, after adjustments to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010 and February 4, 2011</footnote>
        <footnote id="F7">This option was granted on December 4, 2009 for either 100,000 shares of Class A Common Stock at an exercise price of $3.872 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.3872 per share, or any combination thereof, but adjusted to reflect a 5% dividend paid on February 5, 2010. Pursuant to the reporting person's election, this option now consists of an option to purchase 1,102,500 shares of Class C Common Stock at an exercise price of $.351 per share, after adjustments to reflect 5% stock dividends paid on February 5, 2010 and February 4, 2011.</footnote>
        <footnote id="F8">This option was granted on December 3, 2010 for either 100,000 shares of Class A Common Stock at an exercise price of $1.74 per share or 1,000,000 shares of Class C Common Stock at an exercise price of $.174 per share, or any combination thereof, but adjusted to reflect a 5% dividend paid on February 4, 2011.This option vests in four equal quarterly installments, beginning on March 31, 2011, until such shares are fully vested. Pursuant to the reporting person's election, this option now consists of an option to purchase 1,050,000 shares of Class C Common Stock at an exercise price of $.166 per share, after adjustments to reflect a 5% stock dividend paid on February 4, 2011.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Scott M. Quist</signatureName>
        <signatureDate>2011-03-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
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</SEC-DOCUMENT>
