Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MOODY H. CRAIG
  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)
(Last)
(First)
(Middle)
11892 SOUTH BROOKGLEN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2008
(Street)

SANDY, UT 84092
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/06/2009   J(1) V 159 A $ 1.5 3,342 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Director Stock Option (right to buy) $ 3.02 (2) 11/01/2004   A   1,276 (2)   11/01/2005 11/01/2009 Class A Common Stock 1,276 (2) $ 3.02 (2) 1,276 (2) D  
Director Stock Option (right to buy) $ 2.58 (3) 11/01/2005   A   1,216 (3)   11/01/2006 11/01/2010 Class A Common Stock 1,216 (3) $ 2.58 (3) 1,216 (3) D  
Director Stock Option $ 4.59 (4) 12/07/2006   A   1,158 (4)   12/07/2007 12/07/2016 Class A Common Stock 1,158 (4) $ 4.59 (4) 1,158 (4) D  
Director Stock Option $ 3.4 (5) 12/07/2007   A   1,103 (5)   12/07/2008 12/07/2017 Class A Common Stock 1,103 (5) $ 3.4 (5) 1,103 (5) D  
Director Stock Option $ 3.67 (6) 03/31/2008   A   2,625 (6)   06/30/2008(6) 03/31/2018 Class A Common Stock 2,625 (6) $ 3.67 (6) 2,625 (6) D  
Director Stock Option (right to buy) $ 1.43 (7) 12/05/2008   A   5,250 (7)   03/31/2009(7) 12/05/2018 Class A Common Stock 5,250 (7) $ 1.43 (7) 5,250 (7) D  
Director Stock Option (right to buy) $ 1.34 (8) 12/07/2008   A   1,050 (8)   03/31/2009(8) 12/07/2018 Class A Common Stock 1,050 (8) $ 1.34 (8) 1,050 (8) D  
Director Stock Option (right to buy) $ 1.96 05/15/2009   A   1,000 (9)   09/30/2009(9) 05/15/2019 Class A Common Stock 1,000 (9) $ 1.96 1,000 (9) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MOODY H. CRAIG
11892 SOUTH BROOKGLEN DRIVE
SANDY, UT 84092
  X      

Signatures

 /s/ Howard Craig Moody   06/01/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Received pursuant to a 5% stock dividend paid on February 6, 2009.
(2) This option was originally reported as covering 1,000 shares of Class A Common Stock under 2000 Director Stock Option Plan at an exercise price of $3.85 per share, but adjusted to reflect 5% stock dividends paid on February 7, 2005, February 17, 2006, February 9, 2007, February 8, 2008, and February 6, 2009.
(3) This option was originally reported as covering 1,000 shares of Class A Common Stock under 2000 Director Stock Option Plan at an exercise price of $3.13 per share, but adjusted to reflect 5% stock dividends paid on February 17, 2006, February 9, 2007, February 8, 2008, and February 6, 2009.
(4) This option was originally reported as covering 1,000 shares of Class A Common Stock under 2006 Director Stock Option Plan at an exercise price of $5.31 per share, but adjusted to reflect 5% stock dividends paid on February 9, 2007, February 8, 2008, and February 6, 2009.
(5) This option was originally reported as covering 1,000 shares of Class A Common Stock under 2006 Director Stock Option Plan at an exercise price of $3.75 per share, but adjusted to reflect 5% stock dividends paid on February 8, 2008 and February 6, 2009.
(6) This option was originally reported as covering 2,500 shares of Class A Common Stock at an exercise price of $3.85 per share, but adjusted to reflect a 5% stock dividend paid on February 6, 2009. This option vests in four equal installments of Class A Common Stock, beginning on June 30, 2008, until such shares are fully vested.
(7) This option was granted on December 5, 2008 for 5,000 shares of Class A Common Stock at an exercise price of $1.50 per share, but adjusted to reflect a 5% stock dividend paid on February 6, 2009. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2009, until such shares are fully vested.
(8) This option was granted on December 7, 2008 for 1,000 shares of Class A Common Stock at an exercise price of $1.41 per share, but adjusted to reflect a 5% stock dividend paid on February 6, 2009. This option vests in four equal quarterly installments of Class A Common Stock, beginning on March 31, 2009, until such shares are fully vested.
(9) This option was granted on May 15, 2009 for 1,000 shares of Class A Common Stock at an exercise price of $1.96 per share. This option vests in four equal installments of Class A Common Stock, beginning on September 30, 2009, until such shares are fully vested.

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