SEC FORM 4

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^*

OATES JAMES M

(Last)

(First)

(Middle)

522 LAKESHORE DRIVE

(Street)

ELKINS

03233

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

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)
02/12/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/12/2008		M		266	A	$13.89	64,135	D
Common Stock	02/12/2008		M		200	A	$20.22	64,335	D
Common Stock	02/12/2008		M		266	A	$8.7	64,601	D
Common Stock	02/12/2008		W		255	A	$0	6,521	I	by Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Option to Buy)	$8.7	02/12/2008		M			266	⁽¹⁾	01/30/2013	Common Stock	266	$0	0	D
Stock Option (Option to Buy)	$13.89	02/12/2008		M			266	⁽²⁾	02/03/2014	Common Stock	266	$0	266	D
Stock Option (Option to Buy)	$20.22	02/12/2008		M			200	⁽³⁾	01/03/2015	Common Stock	200	$0	400	D
Phantom Stock Units	$0							01/02/2003	01/02/2013	Common Stock	189		189	D
Phantom Stock Units	$0							01/30/2003	01/30/2013	Common Stock	208		208	D
Phantom Stock Units	$0							02/03/2003	02/03/2013	Common Stock	177		177	D
Phantom Stock Units	$0							03/03/2003	03/03/2013	Common Stock	175		175	D
Phantom Stock Units	$0							04/01/2003	04/01/2013	Common Stock	179		179	D
Phantom Stock Units	$0							05/01/2003	05/01/2013	Common Stock	172		172	D
Phantom Stock Units	$0							05/12/2003	05/12/2013	Common Stock	195		195	D
Phantom Stock Units	$0							06/01/2013	06/01/2013	Common Stock	166		166	D
Phantom Stock Units	$0							07/01/2003	07/01/2013	Common Stock	168		168	D
Phantom Stock Units	$0							08/01/2003	08/01/2013	Common Stock	171		171	D
Phantom Stock Units	$0							08/06/2003	08/06/2013	Common Stock	425		425	D
Phantom Stock Units	$0							09/01/2003	09/01/2013	Common Stock	161		161	D
Phantom Stock Units	$0							10/01/2003	10/01/2013	Common Stock	863		863	D
Phantom Stock Units	$0							01/01/2004	01/01/2014	Common Stock	618		618	D
Phantom Stock Units	$0							⁽⁴⁾	⁽⁵⁾	Common Stock	7,915		7,915	D
Stock Option (Option to Buy)	$38.25							⁽⁶⁾	01/03/2016	Common Stock	800		800	D

Explanation of Responses:

1. Currently exercisable.

2. Options vest in 20% increments yearly from the grant date.

3. Options vest in 20 percent increments on 1/3/06, 1/3/07, 1/3/08, 1/3/09 and 1/3/10.

4. Units vest quarterly over a one year period.

5. No expiration date for these Units.

6. Options vest in 20% increments on 1/3/07, 1/3/08, 1/3/09, 1/3/10 and 1/3/11.

	By: Forrest M. Smith For: James M. Oates	02/13/2008
	** 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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