MEDALLION FINANCIAL CORP — Director's Dealing 2008

May 30, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEDALLION FINANCIAL CORP (TAXI)
CIK: 0001000209
Period of Report: 2008-05-28

Reporting Person: MENOWITZ FREDERICK (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-28	Common Stock	M	8500	$6.87	Acquired	8500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-28	Common Stock (right to buy)	$6.87	M	8500	Disposed	2008-07-29	Common Stock (8500)	Direct

Footnotes

F1: One-third of the options vested on the first, second and third anniversaries of the date of grant. All options have fully vested.