ENTERPRISE FINANCIAL SERVICES CORP — Director's Dealing 2011

Jan 7, 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: WARSHAW HENRY (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36757	Direct
Common Stock	25740	Indirect
Common Stock	25980	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$11.50	2012-01-01	Common Stock (1937)	1937	Direct
Convertible Trust Preferred Securities of EFSC Capital	$17.34	2038-12-12	Common Stock (287852)	5000	Indirect

Footnotes

F1: Effective 10/01/2004 the Board fully vested the oustanding employee and Director stock options.

F2: The securities are owned by VRE TRUPS LLC as to which the Reporting Person has indirect investment and voting control. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his economic beneficial interest in VRE TRUPS LLC which is less than 1%.