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

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1. Name and Address of Reporting Person^*

Cosby F Spencer Jr.

(Last)

(First)

(Middle)

500 CHESAPEAKE PL.

(Street)

GREENVILLE

27858

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/25/2010

3. Issuer Name and Ticker or Trading Symbol
YADKIN VALLEY FINANCIAL CORP [ YAVY ]

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

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Pres/CEO/Dir Sidus Financial

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	67,432.275	D

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)
Stock Options	10/01/2005⁽¹⁾	10/01/2013	Common Stock	2,500	$14	D
Stock Options	01/18/2008	01/18/2017	Common Stock	5,000⁽²⁾	$19.07	D
Stock Options	03/14/2009	03/14/2018	Common Stock	4,000⁽³⁾	$13.91	D

Explanation of Responses:

1. Stock Options granted 10/01/2004 vesting over a five-year period, which began on the one-year anniversary date of 10/01/2005. Options are fully vested.

2. Granted stock options for 5,000 shares, which began vesting on the one-year anniversary date of 1/18/2008 and vests over a five-year period (20% each year). Currently 3,000 vested shares and 2,000 unvested shares.

3. Granted Stock Options for 4,000 shares, which began vesting on the one-year anniversary date of 3/14/2009 and vests over a five-year period (20% each year). Currently 800 shares vested and 3,200 shares unvested.

	F. Spencer Cosby, Jr. by Patricia H. Wooten, POA	03/03/2010
	** 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.