Sec Form 4 Filing - BENOIST PETER @ ENTERPRISE FINANCIAL SERVICES CORP - 2013-04-30

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
BENOIST PETER
2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE FINANCIAL SERVICES CORP [ EFSC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
150 N. MERAMEC
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2013
(Street)
ST. LOUIS, MO63105
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/30/2013 M 9,330 A $ 13.4 46,798 D
Common Stock 04/30/2013 S 9,330 D $ 14.01 37,468 D
Common Stock 1,175 I ( 1 ) 401 (k) Plan
Common Stock 163,028 I By Trust
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Non Qualified Stock Option (Right to Buy) $ 13.4 04/30/2013 M 9,330 10/01/2004( 2 ) 05/13/2013 Common Stock 9,330 $ 0 27,983 D
Non Qualified Stock Option (Right to Buy) $ 22.73 01/05/2009( 3 ) 01/05/2016 Common Stock 3,850 3,850 D
Non Qualified Stock Option (Right to Buy) $ 30.17 01/05/2010( 3 ) 01/05/2017 Common Stock 2,900 2,900 D
Non Qualified Stock Option (Right to Buy) $ 22.9 01/05/2011( 3 ) 01/05/2018 Common Stock 3,970 3,970 D
Stock Settled Stock Appreciation Rights $ 25.63 12/15/2007( 4 ) 06/15/2017 Common Stock 16,508 16,508 D
Stock Settled Stock Appreciation Rights $ 20.63 12/15/2008( 5 ) 06/13/2018 Common Stock 43,178 43,178 D
Stock Settled Stock Appreciation Rights $ 21.49 09/24/2009( 6 ) 09/24/2018 Common Stock 50,000 50,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BENOIST PETER
150 N. MERAMEC
ST. LOUIS, MO63105
X President & CEO
Signatures
/s/ Peter Benoist 05/01/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person holds units in the stock fund and the number of shares reported as indirectly held in the 401 (k) plan in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and allocated to the reporting person's account.
( 2 )Effective 10/01/2004 the Board fully vested the oustanding employee and Director stock options.
( 3 )Options vest 33% per year for three years
( 4 )Each SSAR consists of the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR. The SSARs vest at a rate of 20% annually over five years, subject to continued employement of the reporting person. Vesting occurs on December 15 of each year, commencing December 15, 2007.
( 5 )Each SSAR consists of the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR. The SSARs vest at a rate of 20% annually over five years, subject to continued employment of the reporting person. Vesting occurs on December 15 of each year, commencing December 15, 2008.
( 6 )Each SSAR consists of the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR. The SSARs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on September 24 of each year, commencing September 24, 2009.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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