Edgar Filing: BAER ROBERT J

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

BAER ROBERT J

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)

(Last)

(First)

(Middle)

UNIGROUP INC, ONE PREMIER DR

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2008

(Street)

FENTON, MO 63026

4. If Amendment, Date 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

(City)

(State)

(Zip)

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								6,324	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock Units

$ 0

05/06/2008

1,500

⁽¹⁾

⁽²⁾

Common Stock

1,500

$ 0

8,847

Phantom Stock Units

$ 0

01/02/2003

01/02/2013

Common Stock

189

Phantom Stock Units

$ 0

01/30/2003

01/30/2013

Common Stock

115

Phantom Stock Units

$ 0

02/03/2003

02/03/2013

Common Stock

177

Phantom Stock Units

$ 0

03/03/2003

03/03/2013

Common Stock

175

Phantom Stock Units

$ 0

04/01/2003

04/01/2013

Common Stock

179

Phantom Stock Units

$ 0

05/01/2003

05/01/2013

Common Stock

172

Phantom Stock Units

$ 0

05/12/2003

05/12/2013

Common Stock

106

Phantom Stock Units

$ 0

06/01/2003

06/01/2013

Common Stock

166

Phantom Stock Units

$ 0

07/01/2003

07/01/2013

Common Stock

168

Phantom Stock Units

$ 0

08/01/2003

08/01/2013

Common Stock

171

Phantom Stock Units

$ 0

08/06/2003

08/06/2013

Common Stock

340

Phantom Stock Units

$ 0

09/01/2003

09/01/2013

Common Stock

161

Phantom Stock Units

$ 0

10/01/2003

10/01/2013

Common Stock

785

Phantom Stock Units

$ 0

01/01/2004

01/01/2014

Common Stock

562

Stock Option (Option to Buy)

$ 8.7

⁽³⁾

01/30/2013

Common Stock

799

Stock Option (Option to Buy)

$ 10.9125

⁽⁴⁾

05/09/2012

Common Stock

4,001

Stock Option (Option to Buy)

$ 13.89

⁽⁵⁾

02/03/2014

Common Stock

1,066

Stock Option (Option to Buy)

$ 20.22

⁽⁶⁾

01/03/2015

Common Stock

1,000

Stock Option (Option to Buy)

$ 38.25

⁽⁷⁾

01/03/2016

Common Stock

1,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BAER ROBERT J UNIGROUP INC ONE PREMIER DR FENTON, MO 63026	X

Signatures

By: Forrest M. Smith For: Robert J. Baer		05/08/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Units vest quarterly over a one year period.
(2)	No expiration date for these Units.
(3)	Options vest in 20% increments on 1/3/04, 1/3/05, 1/3/06, 1/3/07 and 1/3/08.
(4)	Stock Options vest in 20% increments on 5/9/03, 5/9/04, 5/9/05, 5/9/06 and 5/9/07.
(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.

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