STIFEL FINANCIAL CORP — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STIFEL FINANCIAL CORP (SF)
CIK: 0000720672
Period of Report: 2011-05-03

Reporting Person: BURKEMPER BERNARD N (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-03	Phantom Stock Units	$0	A	9091	Acquired		Common Stock (9091)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35447	Direct

Footnotes

F1: Units vest in equal yearly increments over a ten year period. This vesting may be accelerated based on the Company's performance.

F2: No expiration date for these Units.