Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
OATES JAMES M
   2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [SF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
522 LAKESHORE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
01/11/2008
(Street)

ELKINS, NH 03233		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/11/2008   M   200 A $ 0 61,332 D  
Common Stock 01/11/2008   M   140 A $ 0 61,472 D  
Common Stock 01/11/2008   M   35 A $ 0 61,507 D  
Common Stock 01/11/2008   M   145 A $ 0 61,652 D  
Common Stock 01/11/2008   M   36 A $ 0 61,688 D  
Common Stock 01/11/2008   M   174 A $ 0 61,862 D  
Common Stock 01/11/2008   M   131 A $ 0 61,993 D  
Common Stock 01/11/2008   M   32 A $ 0 62,025 D  
Common Stock 01/11/2008   M   156 A $ 0 62,181 D  
Common Stock 01/11/2008   M   166 A $ 0 62,347 D  
Common Stock 01/11/2008   M   154 A $ 0 62,501 D  
Common Stock 01/11/2008   M   132 A $ 0 62,633 D  
Common Stock 01/11/2008   M   33 A $ 0 62,666 D  
Common Stock 01/11/2008   M   124 A $ 0 62,790 D  
Common Stock 01/11/2008   M   31 A $ 0 62,821 D  
Common Stock 01/11/2008   M   137 A $ 0 62,958 D  
Common Stock 01/11/2008   M   35 A $ 0 62,993 D  
Common Stock 01/11/2008   M   161 A $ 0 63,154 D  
Common Stock 01/11/2008   M   132 A $ 0 63,286 D  
Common Stock 01/11/2008   M   33 A $ 0 63,319 D  
Common Stock 01/11/2008   M   159 A $ 0 63,478 D  
Common Stock 01/11/2008   M   40 A $ 0 63,518 D  
Common Stock 01/11/2008   M   174 A $ 0 63,692 D  
Common Stock 01/11/2008   M   177 A $ 0 63,869 D  
Common Stock               6,266 I by Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $ 0 01/11/2008   M     200 01/02/2002 01/02/2012 Common Stock 200 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     140 01/29/2002 01/29/2012 Common Stock 140 $ 0 35 D  
Phantom Stock Units $ 0 01/11/2008   M     35 01/29/2002 01/29/2012 Common Stock 35 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     145 02/01/2002 02/01/2012 Common Stock 145 $ 0 36 D  
Phantom Stock Units $ 0 01/11/2008   M     36 02/01/2002 02/01/2012 Common Stock 36 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     174 03/01/2002 03/01/2012 Common Stock 174 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     131 04/01/2002 04/01/2012 Common Stock 131 $ 0 32 D  
Phantom Stock Units $ 0 01/11/2008   M     32 04/01/2002 04/01/2012 Common Stock 32 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     156 05/01/2002 05/01/2012 Common Stock 156 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     166 05/09/2002 05/09/2012 Common Stock 166 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     154 06/01/2002 06/01/2012 Common Stock 154 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     132 07/01/2002 07/01/2012 Common Stock 132 $ 0 33 D  
Phantom Stock Units $ 0 01/11/2008   M     33 07/01/2002 07/01/2012 Common Stock 33 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     124 07/23/2002 07/23/2012 Common Stock 124 $ 0 31 D  
Phantom Stock Units $ 0 01/11/2008   M     31 07/23/2002 07/23/2012 Common Stock 31 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     137 08/01/2002 08/01/2012 Common Stock 137 $ 0 35 D  
Phantom Stock Units $ 0 01/11/2008   M     35 08/01/2002 08/01/2012 Common Stock 35 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     161 09/03/2002 09/03/2012 Common Stock 161 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     132 10/01/2002 10/01/2012 Common Stock 132 $ 0 33 D  
Phantom Stock Units $ 0 01/11/2008   M     33 10/01/2002 10/01/2012 Common Stock 33 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     159 10/28/2002 10/28/2012 Common Stock 159 $ 0 40 D  
Phantom Stock Units $ 0 01/11/2008   M     40 10/28/2002 10/28/2012 Common Stock 40 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     174 11/01/2002 11/01/2012 Common Stock 174 $ 0 0 D  
Phantom Stock Units $ 0 01/11/2008   M     177 12/02/2002 12/02/2012 Common Stock 177 $ 0 0 D  
Phantom Stock Units $ 0             01/02/2003 01/02/2013 Common Stock 189   189 D  
Phantom Stock Units $ 0             01/30/2003 01/30/2013 Common Stock 208   208 D  
Phantom Stock Units $ 0             02/03/2003 02/03/2013 Common Stock 177   177 D  
Phantom Stock Units $ 0             03/03/2003 03/03/2013 Common Stock 175   175 D  
Phantom Stock Units $ 0             04/01/2003 04/01/2013 Common Stock 179   179 D  
Phantom Stock Units $ 0             05/01/2003 05/01/2013 Common Stock 172   172 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OATES JAMES M
522 LAKESHORE DRIVE
ELKINS, NH 03233		   X      

Signatures

 By: Forrest M. Smith For: James M. Oates   01/15/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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