SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wilbur Norman G

(Last)

(First)

(Middle)

2637 MUSTANG DRIVE

(Street)

MEAD

80542

(City)

(State)

(Zip)

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	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2016

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/01/2016		S		2,400	D	$5.54	821	D
Class A Common Stock	02/02/2016		M		3,695	A	$2.58	4,516	D
Class A Common Stock	02/02/2016		M		1,384	A	$2.48	5,900	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 (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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Option (right to buy)	$2.58⁽¹⁾	03/31/2008		M			3,695⁽¹⁾	03/31/2009	03/31/2018	Class A Common Stock	3,695⁽¹⁾	$0	0	D
Director Stock Option (right to buy)	$2.48⁽²⁾	12/07/2009		M			1,384⁽²⁾	12/07/2010	12/07/2019	Class A Common Stock	1,384⁽²⁾	$0	0	D
Director Stock Option (right to buy)	$6.05⁽³⁾	12/07/2012		A		1,216⁽³⁾		12/07/2013	12/07/2022	Class A Common Stock	1,216⁽³⁾	$6.05⁽³⁾	1,216⁽³⁾	D
Director Stock Option (right to buy)	$4.16⁽⁴⁾	12/06/2013		A		5,605⁽⁴⁾		12/06/2014	12/06/2023	Class A Common Stock	5,605⁽⁴⁾	$4.16⁽⁴⁾	5,605⁽⁴⁾	D
Director Stock Option (right to buy)	$4.16⁽⁵⁾	12/07/2013		A		1,158⁽⁵⁾		12/07/2014	12/07/2023	Class A Common Stock	1,158⁽⁵⁾	$4.16⁽⁵⁾	1,158⁽⁵⁾	D
Director Stock Option (right to buy)	$4.53⁽⁶⁾	12/05/2014		A		5,513⁽⁶⁾		12/05/2015	12/05/2024	Class A Common Stock	5,513⁽⁶⁾	$4.53⁽⁶⁾	5,513⁽⁶⁾	D
Director Stock Option (right to buy)	$4.53⁽⁷⁾	12/07/2014		A		1,103⁽⁷⁾		12/07/2015	12/07/2024	Class A Common Stock	1,103⁽⁷⁾	$4.53⁽⁷⁾	1,103⁽⁷⁾	D
Director Stock Option (right to buy)	$6.38⁽⁸⁾	12/04/2015		A		5,250⁽⁸⁾		12/04/2016⁽⁸⁾	12/04/2025	Class A Common Stock	5,250⁽⁸⁾	$6.38⁽⁸⁾	5,250⁽⁸⁾	D
Director Stock Option (right to buy)	$6.38⁽⁹⁾	12/07/2015		A		1,050⁽⁹⁾		12/07/2016⁽⁹⁾	12/07/2025	Class A Common Stock	1,050⁽⁹⁾	$6.38⁽⁹⁾	1,050⁽⁹⁾	D

Explanation of Responses:

1. This option was granted on March 31, 2008 as an option to purchase 2,500 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $3.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2009, February 5, 2010, February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016.

2. This option was granted on December 7, 2009 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $3.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 5, 2010, February 4, 2011, February 3, 2012, February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016. On April 13, 2015, the reporting person exercised part of this option to purchase 23 shares of Class A Common Stock.

3. This option was granted on December 7, 2012 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $7.42 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014, February 6, 2015, and February 5, 2016.

4. This option was granted on December 6, 2013 as an option to purchase 4,842 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, and February 5, 2016.

5. This option was granted on December 7, 2013 as an option to purchase 1,000 shares of Class A Common Stock under the 2006 Director Stock Option Plan at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2006 Director Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014, February 6, 2015, and February 5, 2016.

6. This option was granted on December 5, 2014 as an option to purchase 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.

7. This option was granted on December 7, 2014 as an option to purchase 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015 and February 5, 2016.

8. This option was granted on December 4, 2015 as an option to purchase 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 5, 2016. This option vests on December 4, 2016.

9. This option was granted on December 7, 2015 as an option to purchase 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 5, 2016. This option vests on December 7, 2016.

	/s/Norman Gilbert Wilbur	02/03/2016
	** Signature of Reporting Person	Date
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