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^*

DILL CHARLES A

(Last)

(First)

(Middle)

GATEWAY ASSOCIATES

8000 MARYLAND AVE., SUITE 1190

(Street)

ST. LOUIS

63105

(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)
01/20/2009

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	01/20/2009		M		262	A	$0	19,266	D
Common Stock	01/20/2009		M		266	A	$0	19,532	D
Common Stock	01/20/2009		M		284	A	$0	19,816	D
Common Stock	01/20/2009		M		138	A	$0	19,954	D
Common Stock	01/20/2009		M		35	A	$0	19,989	D
Common Stock	01/20/2009		M		212	A	$0	20,201	D
Common Stock	01/20/2009		M		54	A	$0	20,255	D
Common Stock	01/20/2009		M		263	A	$0	20,518	D
Common Stock	01/20/2009		M		269	A	$0	20,787	D
Common Stock	01/20/2009		M		206	A	$0	20,993	D
Common Stock	01/20/2009		M		53	A	$0	21,046	D
Common Stock	01/20/2009		M		160	A	$0	21,206	D
Common Stock	01/20/2009		M		250	A	$0	21,456	D
Common Stock	01/20/2009		M		203	A	$0	21,659	D
Common Stock	01/20/2009		M		50	A	$0	21,709	D
Common Stock	01/20/2009		M		510	A	$0	22,219	D
Common Stock	01/20/2009		M		194	A	$0	22,413	D
Common Stock	01/20/2009		M		48	A	$0	22,461	D
Common Stock	01/20/2009		M		1,179	A	$0	23,640	D
Common Stock	01/20/2009		M		237	A	$0	23,877	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)
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)
Phantom Stock Units	$0	01/20/2009		M			262	11/01/2002	11/01/2012	Common Stock	262	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			266	12/02/2002	12/02/2012	Common Stock	266	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			284	01/02/2003	01/02/2013	Common Stock	284	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			138	01/30/2003	01/30/2013	Common Stock	138	$0	35	D
Phantom Stock Units	$0	01/20/2009		M			35	01/30/2003	01/30/2013	Common Stock	35	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			212	02/03/2003	02/03/2013	Common Stock	212	$0	54	D
Phantom Stock Units	$0	01/20/2009		M			54	02/03/2003	02/03/2013	Common Stock	54	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			263	03/03/2003	03/03/2013	Common Stock	263	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			269	04/01/2003	04/01/2013	Common Stock	269	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			206	05/01/2003	05/01/2013	Common Stock	206	$0	53	D
Phantom Stock Units	$0	01/20/2009		M			53	05/01/2003	05/01/2013	Common Stock	53	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			160	05/12/2003	05/12/2013	Common Stock	160	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			250	06/01/2003	06/01/2013	Common Stock	250	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			203	07/01/2003	07/01/2013	Common Stock	203	$0	50	D
Phantom Stock Units	$0	01/20/2009		M			50	07/01/2003	07/01/2013	Common Stock	50	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			510	08/06/2003	08/06/2013	Common Stock	510	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			194	09/01/2003	09/01/2013	Common Stock	194	$0	48	D
Phantom Stock Units	$0	01/20/2009		M			48	09/01/2003	09/01/2013	Common Stock	48	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			1,179	10/01/2003	10/01/2013	Common Stock	1,179	$0	0	D
Phantom Stock Units	$0	01/20/2009		M			237	01/01/2004	01/01/2014	Common Stock	237	$0	607	D
Phantom Stock Units	$0							⁽¹⁾	⁽²⁾	Common Stock	13,003		13,003	D
Stock Option (Option to Buy)	$7.8							⁽³⁾	01/02/2012	Common Stock	2,000		2,000	D
Stock Option (Option to Buy)	$8.7							⁽⁴⁾	01/30/2013	Common Stock	2,000		2,000	D
Stock Option (Option to Buy)	$13.89							⁽⁵⁾	02/03/2014	Common Stock	2,000		2,000	D
Stock Option (Option to Buy)	$20.22							⁽⁶⁾	01/03/2015	Common Stock	1,500		1,500	D
Stock Option (Option to Buy)	$38.25							⁽⁷⁾	01/03/2016	Common Stock	1,500		1,500	D
Stock Option (Option to Buy)	⁽⁸⁾							⁽⁹⁾	⁽¹⁰⁾	Common Stock	3,998		3,998	D

Explanation of Responses:

1. Units vest quarterly over a one year period.

2. No expiration date for these Units.

3. Options vest in 20% increments on 1/2/03, 1/2/04, 1/2/05, 1/2/06 and 1/2/07.

4. Options vest in 20% increments on 1/3/04, 1/3/05, 1/3/06, 1/3/07 and 1/3/08.

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

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

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

8. Various exercise prices.

9. Options vest over time.

10. Various expiration dates.

	By: David M. Minnick For: Charles A. Dill	01/21/2009
	** 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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