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) 12/14/2011
	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	12/14/2011		O		6,000	A	$7.91	13,988	I	See Footnote(1)
Common Stock	12/14/2011		O		48,052	A	$7.91	78,744	I	See Footnote(2)
Common Stock	12/14/2011		O		31,000	A	$7.91	148,614	I	See Footnote(3)
Common Stock	12/14/2011		O		113,780	A	$7.91	330,747(4)	D
Common Stock	12/14/2011		O		3,673	A	$7.91	15,011	I	See Footnote(5)
Common Stock	12/14/2011		O		18,000	A	$7.91	188,000	I	See Footnote(6)
Common Stock	12/14/2011		O		25,000	A	$7.91	208,697	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
Subscription Rights (right to buy)	$7.91	12/14/2011		O			35,907(8)	11/23/2011	12/14/2011	Common Stock	6,000	$0	0	I	See Footnote(1)
Subscription Rights (right to buy)	$7.91	12/14/2011		O			287,564(8)	11/23/2011	12/14/2011	Common Stock	48,052	$0	0	I	See Footnote(2)
Subscription Rights (right to buy)	$7.91	12/14/2011		O			185,518(8)	11/23/2011	12/14/2011	Common Stock	31,000	$0	0	I	See Footnote(3)
Subscription Rights (right to buy)	$7.91	12/14/2011		O			680,910(8)	11/23/2011	12/14/2011	Common Stock	113,780	$0	0	D
Subscription Rights (right to buy)	$7.91	12/14/2011		O			21,981(8)	11/23/2011	12/14/2011	Common Stock	3,673	$0	0	I	See Footnote(5)
Subscription Rights (right to buy)	$7.91	12/14/2011		O			107,720(8)	11/23/2011	12/14/2011	Common Stock	18,000	$0	0	I	See Footnote(6)
Subscription Rights (right to buy)	$7.91	12/14/2011		O			149,611(8)	11/23/2011	12/14/2011	Common Stock	25,000	$0	0	I	See Footnote(7)

Explanation of Responses:

1. 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. Non-derivative holdings include 1,988 shares of common stock issued as dividends on shares of Series C Preferred Stock held by the Jennifer Steans 1999 Descendants Trust.

2. 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. Non-derivative holdings include 692 shares of common stock issued as dividends on shares of Series C Preferred Stock held by James Kastenholz.

3. 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. Non-derivative holdings include 16,454 shares of common stock issued as dividends on shares of Series C Preferred Stock held by PCB Limited Partnership.

4. Includes 2,079 shares of common stock issued as dividends on shares of Series C Preferred Stock held by the reporting person.

5. 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. Non-derivative holdings include 738 shares of common stock issued as dividends on shares of Series C Preferred Stock held by Nicholas J. Kastenholz.

6. 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.

7. 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. Non-derivative holdings include 3,697 shares of common stock issued as dividends on shares of Series C Preferred Stock held by the Steans 1996 Family Trust.

8. Each Subscription Right entitles the holder thereof to purchase 0.1671 shares of Common Stock.

	/s/ Randall T. Conte, Attorney in Fact	12/16/2011
	** 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).
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