UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECTION 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______________)*
SECURITY NATIONAL FINANCIAL CORPORATION
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
814785309
(CUSIP Number)
Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the filing person
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7).
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 814785309 13G Page 2 of 8 Pages
1 NAME OF REPORTING PERSONS (Filing jointly)
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George R. Quist, Social Security No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.A. Citizen
5 SOLE VOTING POWER
Class A 187,965
NUMBER OF Class C 2,273,292
SHARES (Class C Common Stock is con-
BENEFICIALLY vertible into Class A Common
OWNED BY Stock at the ratio of ten
EACH shares of Class C to one share
REPORTING of Class A)
PERSON 6 SHARED VOTING POWER
WITH Class A 747,409 (590,579 as
trustee of issuer's ESOP;
69,401 as general partner of
Associated Investors).
Class C 1,494,817 (1,051,159
as trustee of issuer's ESOP;
443,658 as general partner
of Associated Investors).
7 SOLE DISPOSITIVE POWER
Class A 187,965
Class C 2,273,292
8 SHARED DISPOSITIVE POWER
Class A 747,409 (590,579 as
trustee of issuer's ESOP;
69,401 as general partner of
Associated Investors).
Class C 1,494,817 (1,051,159 as
trustee of issuer's ESOP;
443,658 as general partner
of Associated Investors).
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
George R. Quist 847,945 Class A Common; 3,768,109 Class C Common
(Class C Common Stock is convertible into Class A at the
ratio of ten shares of Class C to one share of Class A)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Class A 20.6% Class C 75.9%
12 TYPE OF REPORTING PERSON*
George R. Quist: IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
In accordance with Rule 13d-4, any person may expressly declare
in any statement filed that the filing of such statement shall
not be construed as an admission that such person is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial
owner of any securities covered by the statement.
<PAGE>
INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page
(1) Names and Social Security Numbers of Reporting
Persons - Furnish the full legal name of each
person for whom the report is filed - i.e., each
person required to sign the schedule itself -
including each member of a group. Do not include
the name of a person required to be identified in
the report but who is not a reporting person.
Reporting persons are also requested to furnish
their Social Security or I.R.S. identification
numbers, although disclosure of such numbers is
voluntary, not mandatory (see "SPECIAL INSTRUCTIONS
FOR COMPLYING WITH SCHEDULE 13G," below).
(2) If any of the shares beneficially owned by a
reporting person are held as a member of a group
and such membership is expressly affirmed, please
check row 2(a). If the membership in a group is
disclaimed or the reporting person describes a
relationship with other persons but does not affirm
the existence of a group, please check row 2(b)
[unless a joint filing pursuant to Rule 13d-1(e)(1)
in which case it may not be necessary to check row
2(b)].
(3) The third row is for SEC internal use; please leave
blank.
(4) Citizenship or Place of Organization - Furnish
citizenship if the named reporting person is a
natural person. Otherwise, furnish place of
organization.
(5)-(9), (11) Aggregate Amount Beneficially Owned by Each
Reporting Person, Etc. - Rows (5) through (9)
inclusive, and (11) are to be completed in
accordance with the provisions of Item 4 of
Schedule 13G. All percentages are to be rounded
off to the nearest tenth (one place after decimal
point).
(10) Check if the aggregate amount reported as
beneficially owned in row (9) does not include
shares as to which beneficial ownership is
disclaimed pursuant to Rule 13d-4 [17 CFR 240.13d-
4] under the Securities Exchange Act of 1934.
(12) Type of Reporting Person - Please classify each
"reporting person" according to the following
breakdown (see Item 3 of Schedule 13G) and place
the appropriate symbol on the form:
<TABLE>
<CAPTION>
Category Symbol
<S> <C>
Broker Dealer BD
Bank BK
Insurance Company IC
Investment Company IV
Investment Adviser IA
Employee Benefit Plan, Pension Fund,
or Endowment Fund EP
Parent Holding Company HC
Corporation CO
Partnership PN
Individual IN
Other OO
</TABLE>
Notes:
Attach as many copies of the second part of the cover page as
are needed, one reporting person per page.
Filing persons may, in order to avoid unnecessary duplication,
answer items on the schedules (Schedule 13D, 13G or 14D-1) by
appropriate cross references to an item or items on the cover
page(s). This approach may only be used where the cover page
item or items provide all the disclosure required by the
schedule item. Moreover, such a use of a cover page item will
result in the item becoming a part of the schedule and
accordingly being considered as "filed" for purposes of Section
18 of the Securities Exchange Act or otherwise subject to the
liabilities of that section of the Act.
Reporting persons may comply with their cover page filing
requirements by filing either completed copies of the blank
forms available from the Commission, printed or typed
facsimiles, or computer printed facsimiles, provided the
documents filed have identical formats to the forms prescribed
in the Commission's regulations and meet existing Securities
Exchange Act rules as to such matters as clarity and size
(Securities Exchange Act Rule 12b-12).
<PAGE>
SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange
Act of 1934 and the rules and regulations thereunder, the
Commission is authorized to solicit the information required to
be supplied by this schedule by certain security holders of
certain issuers.
Disclosure of the information specified in this schedule is
mandatory, except for Social Security or I.R.S. identification
numbers, disclosure of which is voluntary. The information
will be used for the primary purpose of determining and
disclosing the holdings of certain beneficial owners of certain
equity securities. This statement will be made a matter of
public record. Therefore, any information given will be
available for inspection by any member of the public.
Because of the public nature of the information, the Commission
can utilize it for a variety of purposes, including referral to
other governmental authorities or securities self-regulatory
organizations for investigatory purposes or in connection with
litigation involving the Federal securities laws or other
civil, criminal or regulatory statutes or provisions. Social
Security or I.R.S. identification numbers, if furnished, will
assist the Commission in identifying security holders and,
therefore, in promptly processing statements of beneficial
ownership of securities.
Failure to disclose the information requested by this schedule,
except for Social Security or I.R.S. identification numbers,
may result in civil or criminal action against the persons
involved for violation of the Federal securities laws and rules
promulgated thereunder.
GENERAL INSTRUCTIONS
A. Statements containing the information required by this
schedule shall be filed not later than February 14
following the calendar year covered by the statement or
within the time specified in Rule 13d-1(b)(2), if
applicable.
B. Information contained in a form which is required to be
filed by rules under section 13(f)(15 U.S.C. 78m(f)) for
the same calendar year as that covered by a statement on
this schedule may be incorporated by reference in
response to any of the items of this schedule. If such
information is incorporated by reference in this
schedule, copies of the relevant pages of such form shall
be filed as an exhibit to this schedule.
<TABLE>
<CAPTION>
Item 1.
<C> <S>
(a) Name of Issuer
Security National Financial Corporation
(b) Address of Issuer's Principal Executive
Offices
5300 South 360 West
Suite 310
Salt Lake City, Utah 84157
Item 2.
(a) Name of Persons Filing
George R. Quist
(b) Address of Principal Business Office or, if
none, Residence
5300 South 360 West
Suite 310
Salt Lake City, Utah 84157
(c) Citizenship
Mr. Quist is a U.S.A. citizen.
(d) Title of Class of Securities
Class A Common Stock
(e) CUSIP Number
814785309
</TABLE>
Item 3. If this statement is filed pursuant to Rule 13d-
1(b), or 13d-2(b), check whether the person filing is a: Not
applicable.
<TABLE>
<CAPTION>
<C> <C> <S>
(a) ___ Broker or Dealer registered under Section 15
of the Act
(b) ___ Bank as defined in section 3(a(6) of the Act
(c) ___ Insurance Company as defined in section
3(a)(19) of the act
(d) ___ Investment Company registered under section 8
of the Investment Company Act
(e) ___ Investment Adviser registered under section
203 of the Investment Advisers Act of 1940
(f) ___ Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Section 240.13d-1(b)(1)(ii)
(F)
(g) ___ Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) ___ Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
</TABLE>
Item 4. Ownership
If the percent of the class owned, as of December 31 of
the year covered by the statement, or as of the last day of any
month described in Rule 13d-1(b)(2), if applicable, exceeds
five percent, provide the following information as of that date
and identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned
George R. Quist: 847,945 Class A Common
3,768,109 Class C Common (Class C Common
Stock is
convertible
into Class A
Common Stock at
the ratio of
ten shares of
Class C to one
share of Class A)
(b) Percent of Class
Class A 20.6%
Class C 75.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
Class A 187,968
Class C 2,273,292 (Class C Common
Stock is convertible
into Class A Common
Stock at the ratio of
five shares of
Class C to one
share of Class A)
(ii) shared power to vote or to direct the vote
Class A 747,409 (590,579 as trustee of
issuer's Employee Stock Ownership Plan;
69,401 as general partner of Associated
Investors)
Class C 1,494,817 (1,051,159 as trustee of
issuer's Employee Stock Ownership; 443,658 as
general partner of Associated Investors)
(iii) sole power to dispose or to direct the
disposition of
Class A 187,965
Class C 2,273,292
(iv) shared power to dispose or to direct the
disposition of
Class A 747,409 (590,579 as trustee of
issuer's Employee Stock Ownership Plan;
69,401 as general partner of Associated
Investors)
Class C 1,494,817 (1,051,159 as trustee of
issuer's Employee Stock Ownership; 443,658 as
general partner of Associated Investors)
Instruction: For computations regarding securities which
represent a right to acquire an underlying security see
Rule 13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following ___. N/A
Instruction: Dissolution of a group requires a response to
this item.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
If any other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to that
effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of
an investment company registered under the Investment Company
Act of 1940 or the beneficiaries of employee benefit plan,
pension fund or endowment fund is not required.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the
Parent Holding Company
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g)
and attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identification of the relevant
subsidiary.
Item 8. Identification and Classification of Members of
the Group
If a group has filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so indicate under Item 3(h) and attach an exhibit
stating the identity and Item 3 classification of each member
of the group. If a group has filed this schedule pursuant to
Rule 13d-1(c), attach an exhibit stating the identity of each
member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the security
reported on will be filed, if required, by members of the
group, in their individual capacity. See Item 5.
Item 10. Certification
The following certification shall be included if the
statement is filed pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Disclaimer of Beneficial Ownership
The filing of this statement shall not be construed as an
admission that George R. Quist is for the purposes of 13(d) or
13(g) of the Act, the beneficial owner of any securities held
by Associated Investors, of which Mr. Quist is general partner,
or by the Security National Financial Corporation Employee
Stock Ownership Plan, of which Mr. Quist is a trustee.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
February 26, 1997
-----------------
Date
George R. Quist
----------------------
President
The original statement shall be signed by each person on
whose behalf the statement is filed or his authorized
representative. If the statement is signed on behalf of a
person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of
the representative's authority to sign on behalf of such person
shall be filed with the statement, provided, however, that a
power of attorney for this purpose which is already on file
with the Commission may be incorporated by reference. The name
and any title of each person who signs the statement shall be
typed or printed beneath his signature.
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission.
Attention: Intentional misstatements or omissions of
fact constitute Federal criminal violations (see 18 U.S.C.
1001)
