SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

MURPHY RICHARD B

(Last)

(First)

(Middle)

406 HUDSON

(Street)

CLARENDON HILLS

60514

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2003

3. Issuer Name and Ticker or Trading Symbol
WINTRUST FINANCIAL CORP [ WTFC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,283	D
Common Stock	3,104	I	By 401(k) Plan
Common Stock	1,795	I	By Spouse
Common Stock	5,172	I	FBO minor children

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Option (right to buy)	08/08/1988⁽¹⁾	10/28/2003	Common Stock	41,860	$5.5267	D
Non-Qualified Stock Option (right to buy)	08/08/1988⁽¹⁾	12/13/2005	Common Stock	13,576	$8.2867	D
Non-Qualified Stock Option (right to buy)	08/08/1988⁽¹⁾	10/28/2009	Common Stock	8,800	$11.3333	D
Non-Qualified Stock Option (right to buy)	08/08/1988⁽¹⁾	12/05/2007	Common Stock	13,500	$12	D
Non-Qualified Stock Option (right to buy)	08/08/1988⁽²⁾	01/22/2012	Common Stock	4,999	$18.8133	D
Warants (right to buy)	09/01/1996	12/27/2003	Common Stock	591	$10	D

Explanation of Responses:

1. All options are fully vested at the time of this initial Form 3 filing.

2. The options become exercisable at a rate of 20% per year following the date of grant. Direct shares include 532 restricted common shares - Shares become fully vested on January 21, 2004 and will be converted into unrestricted Common shares of the Company at that date. This Form 3 is being filed as an initial report of Beneficial Ownership due to the designation of Mr. Murphy as a Section 16 Reporting Person at the July 24, 2003 Board of Directors meeting. The form is being filed late because the Company inadvertently failed to advise Mr. Murphy of the reporting requirement.

	/s/ Richard B. Murphy	10/22/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.