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
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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*
OLEARY BRIAN S

(Last) (First) (Middle)
C/O MEDALLION FINANCIAL CORP.
437 MADISON AVENUE

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MEDALLION FINANCIAL CORP [ TAXI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/07/2011
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 11/07/2011 M 16,667 A $7.9 18,544 D
Common Stock 11/07/2011 S 100 D $11.56 18,444 D
Common Stock 11/07/2011 S 901 D $11.5841 17,543 D
Common Stock 11/07/2011 S 600 D $11.585 16,943 D
Common Stock 11/07/2011 S 400 D $11.59 16,543 D
Common Stock 11/07/2011 S 100 D $11.6 16,443 D
Common Stock 11/07/2011 S 100 D $11.655 16,343 D
Common Stock 11/07/2011 S 300 D $11.66 16,043 D
Common Stock 11/07/2011 S 200 D $11.6625 15,843 D
Common Stock 11/07/2011 S 500 D $11.667 15,343 D
Common Stock 11/07/2011 S 100 D $11.67 15,243 D
Common Stock 11/07/2011 S 65 D $11.68 15,178 D
Common Stock 11/07/2011 S 116 D $11.69 15,062 D
Common Stock 11/07/2011 S 300 D $11.705 14,762 D
Common Stock 11/07/2011 S 100 D $11.707 14,662 D
Common Stock 11/07/2011 S 500 D $11.7088 14,162 D
Common Stock 11/07/2011 S 700 D $11.71 13,462 D
Common Stock 11/07/2011 S 100 D $11.715 13,362 D
Common Stock 11/07/2011 S 2,585 D $11.7169 10,777 D
Common Stock 11/07/2011 S 100 D $11.717 10,677 D
Common Stock 11/07/2011 S 500 D $11.719 10,177 D
Common Stock 11/07/2011 S 200 D $11.72 9,977 D
Common Stock 11/07/2011 S 500 D $11.73 9,477 D
Common Stock 11/07/2011 S 2,600 D $11.8 6,877 D
Common Stock 11/07/2011 S 100 D $11.805 6,777 D
Common Stock 11/07/2011 S 200 D $11.8063 6,577 D
Common Stock 11/07/2011 S 800 D $11.81 5,777 D
Common Stock 11/07/2011 S 100 D $11.815 5,677 D
Common Stock 11/07/2011 S 100 D $11.8175 5,577 D
Common Stock 5,566 I See Footnote(1)
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
Common Stock (right to buy) $7.9 11/07/2011 M 16,667 12/31/2001(2) 12/31/2011 Common Stock 16,667 $0 30,000 D
Explanation of Responses:
1. These shares are held by Charles Schwab & Co., Inc. in an Individual Retirement Account for the benefit of Brian S. O'Leary.
2. One-third of the options vested on the first, second and third anniversaries of the date of grant. All options have fully vested.
/s/ Brian S. O?Leary 11/08/2011
** 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).
** 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.
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