MEDALLION FINANCIAL CORP — Director's Dealing 2011

Dec 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEDALLION FINANCIAL CORP (TAXI)
CIK: 0001000209
Period of Report: 2011-11-29

Reporting Person: KOWALSKY MICHAEL J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-29	Common Stock	M	99	$3.87	Acquired	14700	Direct
2011-11-29	Common Stock	S	99	$11.65	Disposed	14601	Direct
2011-11-30	Common Stock	M	4901	$3.87	Acquired	19502	Direct
2011-11-30	Common Stock	S	1901	$11.75	Disposed	17601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-29	Common Stock (right to buy)	$3.87	M	99	Disposed	2013-02-03	Common Stock (99)	Direct
2011-11-30	Common Stock (right to buy)	$3.87	M	4901	Disposed	2013-02-03	Common Stock (1901)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2458	Indirect

Footnotes

F1: These shares are held by Fidelity Investments in an Individual Retirement Account for the benefit of Michael J. Kowalsky.

F2: One-third of the options vested on the first, second and third anniversaries of the date of grant. All options have fully vested.