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

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^*

Hanson Bradley C

(Last)

(First)

(Middle)

4900 SOUTH WESTERN AVENUE

(Street)

SIOUX FALLS

57108

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
META FINANCIAL GROUP INC [ CASH ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President Meta Payment Systems

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2006

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	09/29/2006	09/29/2006	J⁽¹⁾		250	A	$0	250	D
Common Stock (restricted)	09/29/2006	09/29/2006	J⁽²⁾		10,000	A	$0	10,250	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)
Stock Option (right to buy)	$24.43	09/29/2006	09/29/2006	J⁽³⁾		5,700		09/30/2006	09/30/2016	Common Stock	5,700	$0	5,700	D
Stock Option (right to buy)	$24.43	09/29/2006	09/29/2006	J⁽⁴⁾		20,000		09/29/2007⁽⁴⁾	09/29/2016	Common Stock	20,000	$0	20,000	D
Stock Option (right to buy)	$22.76							05/03/2005⁽⁵⁾	05/03/2014	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$22.18							09/30/2004	09/30/2014	Common Stock	984		984	D
Stock Option (right to buy)	$18.87							09/30/2005	09/30/2015	Common Stock	3,937		3,937	D
Stock Option (right to buy)	$20.415							10/24/2006⁽⁶⁾	10/24/2015	Common Stock	20,000		20,000	D

Explanation of Responses:

1. Grant pursuant to directors' fees.

2. Restricted Stock award pursuant to Company's 2002 Omnibus Incentive Plan. 16.67% of award vests on 9/29/06, 9/29/07, 9/29/08, 9/29/09, 9/29/10, and 9/29/11, respectively.

3. Award granted pursuant to Company's 2002 Omnibus Incentive Plan

4. Award granted pursuant to Company's 2002 Omnibus Incentive Plan. Award vests 25% on 9/29/07, 9/29/08, 9/29/09, and 9/29/10, respectively.

5. 2,500 shares vest on 5/3/05, 5/3/06, 5/3/07, and 5/3/08, respectively. 5,000 shares vest on 5/3/09, and 5/3/12. The vesting of the 5,000 share to vest on 5/3/09 may be delayed if the Meta Payment Systems Division of MetaBank has not achieved inception-to date profitability as of 5/3/09.

6. 25% of options vest on 10/24/06, 10/24/07, 10/24/08, and 10/24/09, respectively.

	Jonathan M. Gaiser, POA	10/03/2006
	** 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.
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.