-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CvfG9K0m+F2KYw1h/y91qBjWmopTflFcQSzcsH1YM26ohsE35KggupMobW9IaVgh
 m9Tn2Rq9tqtW5u4V8FduUg==

<SEC-DOCUMENT>0001208889-08-000002.txt : 20080527
<SEC-HEADER>0001208889-08-000002.hdr.sgml : 20080526
<ACCEPTANCE-DATETIME>20080527170603
ACCESSION NUMBER:		0001208889-08-000002
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080522
FILED AS OF DATE:		20080527
DATE AS OF CHANGE:		20080527

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLMARK FINANCIAL SERVICES INC
		CENTRAL INDEX KEY:			0000819913
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE CARRIERS, NEC [6399]
		IRS NUMBER:				870447375
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		777 MAIN STREET, SUITE 1000
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8173481600

	MAIL ADDRESS:	
		STREET 1:		777 MAIN STREET
		STREET 2:		STE 1000
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACOI INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN CREDIT OPTICAL INC /DE/
		DATE OF NAME CHANGE:	19910611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PYRAMID GROWTH INC
		DATE OF NAME CHANGE:	19890124

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHWARZ MARK E
		CENTRAL INDEX KEY:			0001208889

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11252
		FILM NUMBER:		08861381

	BUSINESS ADDRESS:	
		STREET 1:		NEWCASTLE PARTNERS L P
		STREET 2:		300 CRESCENT COURT STE 1110
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		214-661-7474

	MAIL ADDRESS:	
		STREET 1:		200 CRESCENT COURT
		STREET 2:		STE 1400
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-22</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000819913</issuerCik>
        <issuerName>HALLMARK FINANCIAL SERVICES INC</issuerName>
        <issuerTradingSymbol>HALL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001208889</rptOwnerCik>
            <rptOwnerName>SCHWARZ MARK E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 CRESCENT COURT</rptOwnerStreet1>
            <rptOwnerStreet2>STE 1400</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Director Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.46</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-05-22</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>5000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-11-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-05-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19167</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Newcastle Capital Management, L.P. (&quot;NCM&quot;) is the general partner of each of Newcastle Partners, L.P. (&quot;NP&quot;), Newcastle Special Opportunity Fund I, L.P. (&quot;NSOFI&quot;) and Newcastle Special Opportunity Fund II, L.P. (&quot;NSOFII&quot;).  Newcastle Capital Group, L.L.C. (&quot;NCG&quot;) is the general partner of NCM and Mark E. Schwarz (&quot;Schwarz&quot;) is the managing member of NCG.  Accordingly, each of NCM, NCG and Schwarz may be deemed to beneficially own the shares directly owned by any of them.</footnote>
        <footnote id="F2">19,167 stock (including 5,000 stock options granted May 22, 2008) are held by Mr. Schwarz.  In addition, the Reporting Persons may be deemed to beneficially own 14,579,445 non-derivative securities of the Issuer, which includes (1) 48,821 shares of common stock owned by Mr. Schwarz, (2) 9,738,243 shares of common stock owned by NP, (3) a total of 3,274,830 shares of common stock owned by NSOFI and NSOFII, (4) 2,400 shares of common stock owned by NFF and (5) 1,515,151 shares of common stock controlled by NCM pursuant to an account management agreement under which NCM holds the power to vote and dispose of such shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Newcastle Partners, L.P., By: Newcastle Capital Management, L.P., its general partner, By: Newcastle Capital Group, L.L.C. its general partner, by:/s/ Mark E. Schwarz, its managing member</signatureName>
        <signatureDate>2008-05-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Newcastle Capital Management, L.P., By: Newcastle Capital Group, L.L.C. its general partner, By: /s/ Mark E. Schwarz, its managing member</signatureName>
        <signatureDate>2008-05-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Newcastle Capital Group, L.L.C., By: /s/ Mark E. Schwarz, its managing member</signatureName>
        <signatureDate>2008-05-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Mark E. Schwarz</signatureName>
        <signatureDate>2008-05-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----