Overbaugh Jason G. Form 4 SECURITY NATIONAL FINANCIAL / Jason G. Overbaugh ownership change

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^*

Overbaugh Jason G.

(Last) (First) (Middle)

13471 SOUTH TUSCALEE WAY

(Street)

DRAPER UT 84020

(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
X	Officer (give title below)	Other (specify below)
VP; Nat Mrk Dir of Life Ins.

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2015

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/22/2015		M		8,682	A	$1.34	80,740(1)	D
Class A Common Stock	05/22/2015		F		1,832	D	$6.35	78,908(1)	D
Class A Common Stock	05/26/2015		S		900	D	$6.24	78,008(1)	D
Class A Common Stock	05/26/2015		S		1,900	D	$6.25	76,108(1)	D
Class A Common Stock	05/26/2015		S		500	D	$6.26	75,608(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$1.34(2)	04/13/2012		M			8,682(2)	07/13/2012	04/13/2022	Class A Common Stock	8,682(2)	$1.34(2)	0(2)	D
Employee Stock Option (right to buy)	$4.38(3)	12/06/2013		A		11,025(3)		03/06/2014	12/06/2023	Class A Common Stock	11,025(3)	$4.38(3)	11,025(3)	D
Employee Stock Option (right to buy)	$4.08(4)	07/02/2014		A		10,500(4)		10/02/2014(4)	07/02/2024	Class A Common Stock	10,500(4)	$4.08(4)	10,500(4)	D
Employee Stock Option (right to buy)	$4.77(5)	12/05/2014		A		21,000(5)		03/05/2015(5)	12/05/2024	Class A Common Stock	21,000(5)	$4.77(5)	21,000(5)	D

Explanation of Responses:

1. Includes 5,760 shares of Class A common stock owned jointly by the reporting person and his wife. Does not include 66,417 shares of Class A common stock owned indirectly by the reporting person in the Deferred Compensation Plan and the 401(k) Retirement Savings Plan.

2. This option was granted on April 13, 2012 as an option to purchase 15,000 shares of Class A Common Stock at an exercise price of $1.56 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2013, February 7, 2014 and February 6, 2015. On November 6, 2012, the reporting person exercised part of this option to purchase 7,500 shares of Class A Common Stock.

3. This option was granted on December 6, 2013 as an option to purchase 10,000 shares of Class A Common Stock at an exercise price of $4.85 per share, but adjusted pursuant to the anti-dilution provisions of the 2003 Stock Option Plan to reflect 5% stock dividends paid on February 7, 2014 and February 6, 2015.

4. This option was granted on July 2, 2014 as an option to purchase 10,000 shares of Class A Common Stock at an exercise price of $4.29 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. This option vests in four equal quarterly installments of Class A Common Stock, beginning on October 2, 2014, until such shares are fully vested.

5. This option was granted on December 5, 2014 as an option to purchase 20,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 6, 2015. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 5, 2015, until such shares are fully vested.

	/s/ Jason G. Overbaugh	05/27/2015
	** Signature of Reporting Person	Date
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