SIEBERT FINANCIAL CORP — Director's Dealing 2006

Dec 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIEBERT FINANCIAL CORP (SIEB)
CIK: 0000065596
Period of Report: 2006-11-27

Reporting Person: FRANCY PATRICIA L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-27	Common Stock, $.01 par value per share	M	1500	$4.30	Acquired	2500	Direct
2006-11-27	Common Stock, $.01 par value per share	S	1500	$5.2316	Disposed	1000	Direct
2006-11-28	Common Stock, $.01 par value per share	M	4025	$4.30	Acquired	5025	Direct
2006-11-28	Common Stock, $.01 par value per share	S	4025	$5.0414	Disposed	1000	Direct
2006-11-29	Common Stock, $.01 par value per share	M	150	$4.30	Acquired	1150	Direct
2006-11-29	Common Stock, $.01 par value per share	S	150	$5.00	Disposed	1000	Direct
2006-11-30	Common Stock, $.01 par value per share	M	665	$4.30	Acquired	1665	Direct
2006-11-30	Common Stock, $.01 par value per share	S	665	$5.0188	Disposed	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-27	Option to Purchase Common Stock	$4.30	M	1500	Disposed	2007-04-19	Common Stock (1500)	Direct
2006-11-28	Option to Purchase Common Stock	$4.30	M	4025	Disposed	2007-04-19	Common Stock (4025)	Direct
2006-11-29	Option to Purchase Common Stock	$4.30	M	150	Disposed	2007-04-19	Common Stock (150)	Direct
2006-11-30	Option to Purchase Common Stock	$4.30	M	665	Disposed	2007-04-19	Common Stock (665)	Direct

Footnotes

F1: These options were granted pursuant to Siebert Financial Corp's 1997 Stock Option Plan and were immediately exercisable.