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* Cosby F Spencer Jr. (Last) (First) (Middle) 500 CHESAPEAKE PL. (Street) GREENVILLE NC 27858 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol YADKIN VALLEY FINANCIAL CORP [ YAVY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) X Other (specify below) EVP of Yadkin Valley Financial Pres. & CEO of Sidus Financial
	3. Date of Earliest Transaction (Month/Day/Year) 08/05/2011
	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	08/05/2011	08/05/2011	S		14,432	D	$1.9073	33,000.275	D
Common Stock	08/09/2011	08/09/2011	S		9,411.55	D	$1.75	23,588.725	D
Common Stock	08/09/2011	08/09/2011	S		2,900	D	$1.7475	20,688.725	D
Common Stock	08/09/2011	08/09/2011	S		100	D	$1.745	20,588.725	D
Common Stock	08/09/2011	08/09/2011	S		98	D	$1.74	20,490.725	D
Common Stock	08/09/2011	08/09/2011	S		3,589	D	$1.8	16,901.725(1)	D

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 Options	$14							10/01/2005	10/01/2013	Common Stock	2,500		2,500	D
Stock Options	$19.07							01/18/2008	01/18/2017	Common Stock	5,000		4,000(2)	D
Stock Options	$13.91							03/14/2009	03/14/2018	Common Stock	4,000		2,400(3)	D

Explanation of Responses:

1. Amount of securities beneficially owned after the above transactions reflects the direct ownership of 10,000 shares of Restricted Stock (unvested). The issuer is a participant in the TARP Capital Purchase Program. As a result, the Restricted Stock granted to Mr. Cosby shall vest pursuant to the following schedule: 3,333.33 shares on 4/16/2011; 3,333.33 shares on 4/16/2012; and 3,333.34 shares on 4/16/2013 provided however that, no Restricted Stock shall be vested prior to the earliest date permitted by Section 111(b)(3)(D) of the Emergency Economic Stabilization Act of 2008 and the regulations adopted pursuant thereto.

2. 80% vested

3. 60% vested

	F. Spencer Cosby, Jr. by Patricia H. Wooten, POA	08/19/2011
	** 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).
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