BOK FINANCIAL CORP — Director's Dealing 2011

Dec 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOK FINANCIAL CORP ET AL (BOKF)
CIK: 0000875357
Period of Report: 2011-12-22

Reporting Person: LYBARGER STANLEY A (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-22	2007 Stock Options	$54.33	M	9975	Disposed		Common Stock (9975)	Direct
2011-12-22	Phantom Stock	$55.95	A	9975	Acquired		Phantom Stock (9975)	Direct
2011-12-22	Phantom Stock	$55.95	D	9975	Disposed		Phantom Stock (9975)	Direct

Footnotes

F1: For options granted in any one year, one-seventh of the options of such grant vest and become exercisable on the grant date of the anniversary each year commencing on the first anniversary after the grant.

F2: Options expire 3 years after vesting.

F3: The reporting person elected to defer receipt of 9,975 shares of common stock issuable upon the exercise of stock options. 9,686 of the deferred shares were used to pay the exercise price and taxes on the options. The reporting person elected to diversify the 289 shares of BOKF phantom stock remaining after payment of the exercise price and taxes to alternative investments.