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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROHRS JAMES L
2. Issuer Name and Ticker or Trading Symbol

FIRST DEFIANCE FINANCIAL CORP [ FDEF ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

601 CLINTON ST.
3. Date of Earliest Transaction (MM/DD/YYYY)

3/14/2008
(Street)

DEFIANCE, OH 43512
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/14/2008     M    600   A $10.52   28030   (1) D    
Common Stock   3/14/2008     M    5000   A $11.56   33030   (1) D    
Common Stock                  4654   (2) I   By ESOP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Options   $27.41                   4/16/2008   4/16/2017   Common Stock   1000     1000   D    
Stock Options   $26.47                   5/22/2007   5/21/2007   Common Stock   1000     1000   D    
Stock Options   $25.89                   4/19/2006   4/18/2015   Common Stock   2000     2000   D    
Stock Options   $27.13                   4/19/2005   4/18/2014   Common Stock   1000     1000   D    
Stock Options   $19.53                   4/21/2004   4/20/2013   Common Stock   5000     5000   D    
Stock Options   $11.5625   3/14/2008           5000    8/30/2000   8/29/2009   Common Stock   25000   $0   20000   D    
Stock Options   $10.5163   3/14/2008           600    12/18/2000   12/17/2010   Common Stock   600   $0   40000   D    
Stock Options   $14.00                   9/17/2001   9/16/2011   Common Stock   40000     40000   D    

Explanation of Responses:
( 1)  Increase from previously reported balance due to shares acquired by Employee Stock Purchase Plan and Dividend Reinvestment Plan
( 2)  Increase from previously reported balance due to annual allocation by Employee Stock Ownership Plan

Remarks:
Note - Options listed above vest at 20% per year. Options with an exercise price of $11.5625, $10.5163 and $14.00 are fully
vested. Options with an exercise price of $19.53 fully vest on 4/21/08, options with an exercise price of $27.13 fully vest
on 4/19/09, options with an exercise price of $25.89 fully vest on 4/19/10, options with an exercise price of $26.47 vest
fully on 5/22/11, options with an exercise price of $27.41 fully vest on 4/16/12.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROHRS JAMES L
601 CLINTON ST.
DEFIANCE, OH 43512
X
Executive Vice President

Signatures
/s/ James L. Rohrs 3/14/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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