X0201 4 2004-02-12 1 0000818677 SECURITY FEDERAL CORPORATION SFDL 0001220986 CLARK THOMAS C P O BOX 810 AIKEN SC 29802 0 0 0 1 Frmr. Dir of SFDL & Sub. Pres. Common Stock 2004-02-12 4 S 0 1350 22.234 D 5611 D Includes 2,895 shares held indirectly, 945 shares held indirectly by spouse, 1,650 shares held indirectly as custodian for children, and 1,471 shares held indirectly by Security Federal Corp. Employee Stock Option Plan. Stock options were forfeited as of 12/02/03 after Mr. Clark resigned. /s/ Thomas C. Clark 2004-02-17