Edgar Filing: OATES JAMES M

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 ^*

OATES JAMES M

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)

534 LAKE SHORE ROAD, P.O. BOX 250

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2009

(Street)

ELKINS, NH 03233

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)
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		284	A	$ 0	97,188	D
Common Stock	01/20/2009		M		313	A	$ 0	97,501	D
Common Stock	01/20/2009		M		212	A	$ 0	97,713	D
Common Stock	01/20/2009		M		54	A	$ 0	97,767	D
Common Stock	01/20/2009		M		263	A	$ 0	98,030	D
Common Stock	01/20/2009		M		269	A	$ 0	98,299	D
Common Stock	01/20/2009		M		259	A	$ 0	98,558	D
Common Stock	01/20/2009		M		234	A	$ 0	98,792	D
Common Stock	01/20/2009		M		59	A	$ 0	98,851	D
Common Stock	01/20/2009		M		250	A	$ 0	99,101	D
Common Stock	01/20/2009		M		253	A	$ 0	99,354	D
Common Stock	01/20/2009		M		257	A	$ 0	99,611	D
Common Stock	01/20/2009		M		510	A	$ 0	100,121	D
Common Stock	01/20/2009		M		128	A	$ 0	100,249	D
Common Stock	01/20/2009		M		242	A	$ 0	100,491	D
Common Stock	01/20/2009		M		1,286	A	$ 0	101,777	D
Common Stock								10,083	I	by Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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

01/20/2009

284

01/02/2003

01/02/2013

Common Stock

284

$ 0

Phantom Stock Units

$ 0

01/20/2009

313

01/30/2003

01/30/2013

Common Stock

313

$ 0

Phantom Stock Units

$ 0

01/20/2009

212

02/03/2003

02/03/2013

Common Stock

212

$ 0

Phantom Stock Units

$ 0

01/20/2009

02/03/2003

02/03/2013

Common Stock

$ 0

Phantom Stock Units

$ 0

01/20/2009

263

03/03/2003

03/03/2013

Common Stock

263

$ 0

Phantom Stock Units

$ 0

01/20/2009

269

04/01/2003

04/01/2013

Common Stock

269

$ 0

Phantom Stock Units

$ 0

01/20/2009

259

05/01/2003

05/01/2013

Common Stock

259

$ 0

Phantom Stock Units

$ 0

01/20/2009

234

05/12/2003

05/12/2013

Common Stock

234

$ 0

Phantom Stock Units

$ 0

01/20/2009

05/12/2003

05/12/2013

Common Stock

$ 0

Phantom Stock Units

$ 0

01/20/2009

250

06/01/2013

Common Stock

250

$ 0

Phantom Stock Units

$ 0

01/20/2009

253

07/01/2003

07/01/2013

Common Stock

253

$ 0

Phantom Stock Units

$ 0

01/20/2009

257

08/01/2003

08/01/2013

Common Stock

257

$ 0

Phantom Stock Units

$ 0

01/20/2009

510

08/06/2003

08/06/2013

Common Stock

510

$ 0

128

Phantom Stock Units

$ 0

01/20/2009

128

08/06/2003

08/06/2013

Common Stock

128

$ 0

Phantom Stock Units

$ 0

01/20/2009

242

09/01/2003

09/01/2013

Common Stock

242

$ 0

Phantom Stock Units

$ 0

01/20/2009

1,286

10/01/2003

10/01/2013

Common Stock

1,286

$ 0

Phantom Stock Units

$ 0

01/01/2004

01/01/2014

Common Stock

928

Phantom Stock Units

$ 0

⁽¹⁾

⁽²⁾

Common Stock

14,580

Stock Option (Option to Buy)

$ 13.89

⁽³⁾

02/03/2014

Common Stock

399

Stock Option (Option to Buy)

$ 20.22

⁽⁴⁾

01/03/2015

Common Stock

600

Stock Option (Option to Buy)

$ 38.25

⁽⁵⁾

01/03/2016

Common Stock

1,200

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
OATES JAMES M 534 LAKE SHORE ROAD P.O. BOX 250 ELKINS, NH 03233	X

Signatures

By: David M. Minnick For: James M. Oates		01/21/2009
^**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 yearly from the grant date.
(4)	Options vest in 20 percent increments on 1/3/06, 1/3/07, 1/3/08, 1/3/09 and 1/3/10.
(5)	Options vest in 20% increments on 1/3/07, 1/3/08, 1/3/09, 1/3/10 and 1/3/11.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.