ENTERPRISE FINANCIAL SERVICES CORP — Director's Dealing 2011

Jan 14, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK: 0001025835
Period of Report: 2010-12-31

Reporting Person: Baur Andrew S (Executive Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Settled Stock Appreciation Rights	$10.14	2020-08-02	Common Stock (17500)	17500	Direct

Footnotes

F1: Each SSAR consists of the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR. The SSARs vest at a rate of 20% annually over five years, subject to continued employment of the reporting person. Vesting occurs on August 2 of each year, commencing August 2, 2011.