MEDALLION FINANCIAL CORP — Director's Dealing 2011

Nov 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEDALLION FINANCIAL CORP (TAXI)
CIK: 0001000209
Period of Report: 2011-11-07

Reporting Person: OLEARY BRIAN S (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-07	Common Stock	M	16667	$7.90	Acquired	18544	Direct
2011-11-07	Common Stock	S	100	$11.56	Disposed	18444	Direct
2011-11-07	Common Stock	S	901	$11.5841	Disposed	17543	Direct
2011-11-07	Common Stock	S	600	$11.585	Disposed	16943	Direct
2011-11-07	Common Stock	S	400	$11.59	Disposed	16543	Direct
2011-11-07	Common Stock	S	100	$11.60	Disposed	16443	Direct
2011-11-07	Common Stock	S	100	$11.655	Disposed	16343	Direct
2011-11-07	Common Stock	S	300	$11.66	Disposed	16043	Direct
2011-11-07	Common Stock	S	200	$11.6625	Disposed	15843	Direct
2011-11-07	Common Stock	S	500	$11.667	Disposed	15343	Direct
2011-11-07	Common Stock	S	100	$11.67	Disposed	15243	Direct
2011-11-07	Common Stock	S	65	$11.68	Disposed	15178	Direct
2011-11-07	Common Stock	S	116	$11.69	Disposed	15062	Direct
2011-11-07	Common Stock	S	300	$11.705	Disposed	14762	Direct
2011-11-07	Common Stock	S	100	$11.707	Disposed	14662	Direct
2011-11-07	Common Stock	S	500	$11.7088	Disposed	14162	Direct
2011-11-07	Common Stock	S	700	$11.71	Disposed	13462	Direct
2011-11-07	Common Stock	S	100	$11.715	Disposed	13362	Direct
2011-11-07	Common Stock	S	2585	$11.7169	Disposed	10777	Direct
2011-11-07	Common Stock	S	100	$11.717	Disposed	10677	Direct
2011-11-07	Common Stock	S	500	$11.719	Disposed	10177	Direct
2011-11-07	Common Stock	S	200	$11.72	Disposed	9977	Direct
2011-11-07	Common Stock	S	500	$11.73	Disposed	9477	Direct
2011-11-07	Common Stock	S	2600	$11.80	Disposed	6877	Direct
2011-11-07	Common Stock	S	100	$11.805	Disposed	6777	Direct
2011-11-07	Common Stock	S	200	$11.8063	Disposed	6577	Direct
2011-11-07	Common Stock	S	800	$11.81	Disposed	5777	Direct
2011-11-07	Common Stock	S	100	$11.815	Disposed	5677	Direct
2011-11-07	Common Stock	S	100	$11.8175	Disposed	5577	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-07	Common Stock (right to buy)	$7.90	M	16667	Disposed	2011-12-31	Common Stock (16667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5566	Indirect

Footnotes

F1: These shares are held by Charles Schwab & Co., Inc. in an Individual Retirement Account for the benefit of Brian S. O'Leary.

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