STIFEL FINANCIAL CORP — Director's Dealing 2012

Feb 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STIFEL FINANCIAL CORP (SF)
CIK: 0000720672
Period of Report: 2012-02-14

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-14	Phantom Stock Units	$0	A	10928	Acquired		Common Stock (10928)	Direct
2012-02-14	Phantom Stock Units	$0	A	2732	Acquired		Common Stock (2732)	Direct
2012-02-14	Phantom Stock Units	$0	A	2185	Acquired		Common Stock (2185)	Direct
2012-02-14	Phantom Stock Units	$0	A	546	Acquired		Common Stock (546)	Direct
2012-02-14	Phantom Stock Units	$0	A	27322	Acquired		Common Stock (27322)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	635707	Direct
Common Stock	3000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (9230)	9230	Direct
Stock Option (Option to Buy)	$5.8	2013-02-10	Common Stock (60002)	60002	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 2/10/04, 2/10/05, 2/10/06, 2/10/07 and 2/10/08.