UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 5
STIFEL FINANCIAL CORP.
(Name of Issuer)
COMMON STOCK, $.15 PAR VALUE PER SHARE
(Title of Class of Securities)
860630 10 2
(CUSIP Number)
JOHN LATSHAW
5049 WORNALL ROAD, APT. 3C
KANSAS CITY, MISSOURI 64112
(816) 361-6161
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 25, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box / /.
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP NO. 860630102 PAGE 2 OF 8 PAGES
1 Name of Reporting Person
SS or IRS Identification No. of Above Person
LATSHAW ENTERPRISES, INC. 44-0427150
2. Check the appropriate Box if a Member of a Group (a) / /
(b) / /
3. SEC Use Only
4. Source of Funds
NOT APPLICABLE
5. Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
DELAWARE
7. Sole Voting Power
-0-
8. Shared Voting Power
-0-
9. Sole Dispositive Power
-0-
10. Shared Dispositive Power
-0-
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
-0-
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
13. Percent of Class Represented by Amount in Row (11)
-0-
14. Type of Reporting Person
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 860630102 PAGE 3 OF 8 PAGES
1 Name of Reporting Person
SS or IRS Identification No. of Above Person
JOHN LATSHAW 486039538
2. Check the appropriate Box if a Member of a Group (a) / /
(b) / /
3. SEC Use Only
4. Source of Funds
PF
5. Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
6. Citizenship or Place of Organization
UNITED STATES OF AMERICA
7. Sole Voting Power
231,389
8. Shared Voting Power
-0-
9. Sole Dispositive Power
231,389
10. Shared Dispositive Power
-0-
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
231,389
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares / /
13. Percent of Class Represented by Amount in Row (11)
4.9%
14. Type of Reporting Person
IN
<PAGE>
INTRODUCTION
This Amendment No. 5 is the second electronic amendment to
the reporting persons' paper format Schedule 13D. Unless
otherwise provided, all terms used herein which have been defined
in the Schedule 13D or any prior amendments thereto have the same
meanings as used herein.
ITEM 1. SECURITY AND ISSUER.
No material change.
ITEM 2. IDENTITY AND BACKGROUND.
No material change, except that John Latshaw's business
address is 5049 Wornall Road, Apt. 3C, Kansas City, Missouri
64112.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The amount of consideration paid by Mr. Latshaw to make the
purchases of Shares reported in Item 5(c) hereof was $457,772.50.
The source of such consideration was Mr. Latshaw's personal
funds. The amount of consideration is the aggregate purchase
price paid by Mr. Latshaw to purchase the Shares, without
subtracting proceeds received in respect of sales of Shares.
ITEM 4. PURPOSE OF TRANSACTION.
No material change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Laten owned 0 Shares on July 2, 1997. Laten is no
longer a member of a group with John Latshaw with respect to
Shares of the Issuer.
Mr. John Latshaw owned 231,389 Shares on July 2, 1997, which
he believes to be 4.9% of the entire class of Shares of
the Issuer.
(b) Mr. Latshaw has the sole power to vote, or to direct
the vote, and the sole power to dispose, or to direct the
disposition of the Shares owned by him.
(c) During the period beginning sixty days prior to
June 25, 1997 and ending on July 2, 1997, Mr. Latshaw effected
the purchases described below on the open market. Mr. Latshaw
effected all of the purchases through Mr. Latshaw's account with
Stifel, Nicolaus & Company, except the purchase of 34,702 Shares
on June 24, 1997. Mr. Latshaw purchased the 34,702 Shares on
June 24, 1997 from Laten in an open market cross-trade
transaction. Mr. Latshaw effected this purchase through
Fahnestock & Company, Inc.
Date Number of Shares Price per Share
5/12/97 1,000 $ 7.75
6/24/97 34,702 11.25
6/30/97 2,500 12.00
7/01/97 2,500 11.85
During the period beginning sixty days prior to June 25,
1997 and ending on July 2, 1997, Mr. Latshaw effected the
following sales on the open market through Mr. Latshaw's account
with Stifel, Nicolaus & Company.
Date Number of Shares Price per Share
6/24/97 10,000 $11.81
6/25/97 50,000 12.04
6/26/97 27,300 11.95
6/27/97 31,200 11.81
During the period beginning sixty days prior to June 25,
1997 and ending on July 2, 1997, Laten effected the following
sales on the open market through Laten's account with Stifel,
Nicolaus & Company.
Date Number of Shares Price per Share
6/20/97 2,000 $10.25
6/23/97 36,500 10.80
6/24/97 9,500 11.22
6/24/97 34,702 11.25
(d) No other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Shares.
(e) John Latshaw and the group which consisted of Laten and
John Latshaw each ceased to be the beneficial owner of more than
5% of outstanding Shares on June 27, 1997.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Mr. Latshaw is not a party to any contract, arrangement,
understanding or relationship (legal or otherwise) with any
person with respect to the Shares. None of the Shares owned by
Mr. Latshaw are pledged or otherwise subject to any contingency
the occurrence of which would give another person voting power or
investment power over such Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Statement of joint filing.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
LATSHAW ENTERPRISES, INC.
July 3, 1997 By: /s/ John Latshaw
John Latshaw, Chairman of the
Board, Managing Director and
Chief Executive Officer
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
July 3, 1997 /s/ John Latshaw
John Latshaw, Individually
<PAGE>
EXHIBIT INDEX TO AMENDMENT NO. 5
TO SCHEDULE 13D
No. Description of Exhibit
1. Statement of Joint Filing
EXHIBIT 1
STATEMENT OF JOINT FILING
Pursuant to Reg. Section 240.13d-1(f)(1)(iii) of the
Securities Exchange Act of 1934, the foregoing Amendment No. 5 to
the Schedule 13D is filed on behalf of Latshaw Enterprises, Inc.
and Mr. John Latshaw.
LATSHAW ENTERPRISES, INC.
July 3, 1997 By: /s/ John Latshaw
John Latshaw, Chairman of the
Board, Managing Director and
Chief Executive Officer
July 3, 1997 /s/ John Latshaw
John Latshaw, Individually
