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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Steans Jennifer W (Last) (First) (Middle) C/O FINANCIAL INVESTMENTS CORPORATION 50 EAST WASHINGTON STREET SUITE 400 (Street) CHICAGO IL 60602 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TAYLOR CAPITAL GROUP INC [ TAYC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/08/2013
	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
Common Stock	07/08/2013		C		2,137	A	(1)	363,888	D
Common Stock	07/08/2013		C		760	A	(1)	26,794	I	See Footnote(2)
Common Stock	07/08/2013		C		714	A	(1)	89,792	I	See Footnote(3)
Common Stock	07/08/2013		C		144	A	(1)	43,786	I	See Footnote(4)
Common Stock	07/08/2013		C		3,802	A	(1)	267,618	I	See Footnote(5)
Common Stock								393,897	I	See Footnote(6)
Common Stock								188,000	I	See Footnote(7)

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
Stock Purchase Warrant (right to buy Common Stock)	(1)	07/08/2013		C			7,100	11/24/2010	05/28/2015	Common Stock	7,100	$0	0	D
Stock Purchase Warrant (right to buy Common Stock)	(1)	07/08/2013		C			2,527	11/24/2010	05/28/2015	Common Stock	2,527	$0	0	I	See Footnote(2)
Stock Purchase Warrant (right to buy Common Stock)	(1)	07/08/2013		C			2,375	11/24/2010	05/28/2015	Common Stock	2,375	$0	0	I	See Footnote(3)
Stock Purchase Warrant (right to buy Common Stock)	(1)	07/08/2013		C			480	11/24/2010	05/28/2015	Common Stock	480	$0	0	I	See Footnote(4)
Stock Purchase Warrant (right to buy Common Stock)	(1)	07/08/2013		C			12,634	11/24/2010	05/28/2015	Common Stock	12,634	$0	0	I	See Footnote(5)

Explanation of Responses:

1. This Report relates to shares of Issuer common stock received by the Reporting Person upon a mandatory conversion of a warrant (the "Warrant") to purchase shares of Issuer common stock at a price of $12.15 per share. Pursuant to the exising terms of the Warrant, the Issuer exercised its option to convert the Warrant, on a cashless basis, for the net number of shares of common stock reported as acquired in Table 1, based upon a market value (as determined in accordance with the Warrant) of $17.38 per share at the time of conversion. As a result of such cashless conversion of the Warrant, the Reporting Person's rights under the Warrant were limited solely to the right to receive upon surrender of the Warrant certificate, the net number of shares reported as acquired in Table 1 hereof, and the Reporting Person's exercise rights to acquire any additional shares under the Warrant were extinguished.

2. By the Reporting Person as custodian for Nicholas J. Kastenholz, the minor child of the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

3. By James Kastenholz (the spouse of the Reporting Person). The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

4. By James Kastenholz (the spouse of the Reporting Person) as trustee of the Jennifer Steans 1999 Descendants Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

5. By the Steans 1996 Family Trust, over which the Reporting Person is one of three co-trustees. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

6. By PCB Limited Partnership of which the Reporting Person is one of three general partners. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

7. By Trilogy Investment Group, LLC, of which the Reporting Person is one of three managing members. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or any other purpose.

Remarks:

	/s/ Brian Black, Attorney in Fact	07/10/2013
	** 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 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).
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