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 *
Moll Sandra J
   2. Issuer Name and Ticker or Trading Symbol
TEAM FINANCIAL INC /KS [TFIN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP-COO
(Last)
(First)
(Middle)
P.O. BOX 402		 3. Date of Earliest Transaction (Month/Day/Year)
05/27/2008
(Street)

PAOLA, KS 66071		 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, No Par Value               2,270 I David S. Moll Revocable Trust DTD 04/18/03
Common Stock, No Par Value               2,170 I Sandra J. Moll Revocable Trust DTD 04/18/03
Common Stock, No Par Value 05/27/2008   A   44 A $ 16 (2) 4,861 I ESOP
Common Stock, No Par Value 05/27/2008   A   439 A $ 15.33 (3) 5,300 I ESOP
Common Stock, No Par Value 05/27/2008   A   32 A $ 16 (2) 6,195 I ESOP of Spouse
Common Stock, No Par Value 05/27/2008   A   310 A $ 15.33 (3) 6,505 I ESOP of Spouse

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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
Option $ 8.32             12/31/2002 12/31/2011 Common Stock 1,500   1,500 D  
Option $ 10.1             12/31/2003 12/31/2012 Common Stock 1,500   3,000 D  
Option $ 12.41             12/31/2004 12/31/2013 Common Stock 2,000   5,000 D  
Option $ 12.194             12/31/2005 12/31/2014 Common Stock 3,000   8,000 D  
Option $ 14.3             12/31/2006 12/31/2015 Common Stock 10,000   18,000 D  
Option $ 14.3               (1) 01/01/2016 Common Stock 12,000   30,000 D  
Option $ 15.97               (1) 01/01/2017 Common Stock 12,000   42,000 D  
Option $ 14.81               (1) 01/01/2018 Common Stock 15,000   57,000 D  
Option $ 8.32             12/31/2002 12/31/2011 Common Stock 1,000   1,000 I Spouse
Option $ 10.1             12/31/2003 12/31/2012 Common Stock 1,000   2,000 I Spouse
Option $ 12.41             12/31/2004 12/31/2013 Common Stock 500   2,500 I Spouse
Option $ 12.194             12/31/2005 12/31/2014 Common Stock 500   3,000 I Spouse
Option $ 14.3             12/31/2006 12/31/2015 Common Stock 500   3,500 I Spouse
Option $ 15.97             12/31/2007 12/31/2016 Common Stock 500   4,000 I Spouse
Option $ 14.81             12/31/2008 12/31/2017 Common Stock 500   4,500 I Spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Moll Sandra J
P.O. BOX 402
PAOLA, KS 66071		   X     Exec VP-COO  

Signatures

 /s/ Lois Rausch, by power of attorney   05/27/2008
**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).
(1) Shares vest under these options in specified increments upon the reporting person and the company meeting specified financial and/or qualitative objectives and goals. To date, 12,000 shares have vested under these options.
(2) Annual 2007 TFI ESOP Forfeiture Allocation
(3) Annual 2007 TFI ESOP Contribution Allocation
 
Remarks:
EXHIBIT 24.1 Power of Attorney

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