X0202 4 2004-05-28 1 0000818677 SECURITY FEDERAL CORPORATION SFDL 0001221013 WHITAKER PEGGY B PO BOX 810 AIKEN SC 29802 0 1 0 0 VP Common Stock 2004-05-28 4 J 0 0 0 A 0 D Date reporting person was no longer an insider of issuer and no longer subject to Section 16. As of the May 28, 2004 transaction date, no shares were owned by the reporting person and all stock options were forfeited. Reporting person exiting the system (i.e., no longer subject to Section 16 of the Exchange Act). /s/ Ruth Vance 2005-02-03