STIFEL FINANCIAL CORP — Director's Dealing 2011

Feb 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STIFEL FINANCIAL CORP (SF)
CIK: 0000720672
Period of Report: 2011-02-14

Reporting Person: ZEMLYAK JAMES M (Director, CHIEF FIN'L & ADMIN OFFCR)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-14	Phantom Stock Units	$0	A	6439	Acquired		Common Stock (6439)	Direct
2011-02-14	Phantom Stock Units	$0	A	1609	Acquired		Common Stock (1609)	Direct
2011-02-14	Phantom Stock Units	$0	A	1287	Acquired		Common Stock (1287)	Direct
2011-02-14	Phantom Stock Units	$0	A	321	Acquired		Common Stock (321)	Direct
2011-02-14	Phantom Stock Units	$0	A	22727	Acquired		Common Stock (22727)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	393411	Direct
Common Stock	1850	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (6153)	6153	Direct
Stock Option (Option to Buy)	$7.8	2012-01-02	Common Stock (40001)	40001	Direct
Stock Option (Option to Buy)	$8.6925	2013-02-10	Common Stock (40001)	40001	Direct

Footnotes

F1: Units vest in 20% increments over a five year period.

F2: No expiration date for these Units.

F3: Units vest 100% five years from the grant date.

F4: Fully vested.

F5: Units vest in equal yearly increments over a ten year period. This vesting may be accelerated based on the Company's performance.

F6: Various exercisable dates.

F7: Options vest in 20% increments on 1/2/03, 1/2/04, 1/2/05, 1/2/06 and 1/2/07.

F8: Options vest in 20% increments on 2/10/04, 2/10/05, 2/10/06, 2/10/07 and 2/10/08.