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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
                      
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 *

CALLAHAN R BRUCE 		2. Issuer Name and Ticker or Trading Symbol

NATIONAL FINANCIAL PARTNERS CORP [ NFP ] 		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)

1250 CAPITAL OF TEXAS HWY., SUITE 500 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/16/2007
(Street)

AUSTIN, TX 78746
(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   12/16/2007     M    7   A $0   28073   (1) D    
Common Stock   12/16/2007     M    6   A $0   28079   (1) D    
Common Stock   12/16/2007     M    5   A $0   28084   (1) D    
Common Stock   12/16/2007     M    504   A $0   28588   (1) D    

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
Restricted Stock Units   $0   12/16/2007     J  (2)    12         (3)   (4) Common Stock   12     (5) 12   D    
Restricted Stock Units   $0   12/16/2007     F        5      (3)   (4) Common Stock   5     (5) 7   D    
Restricted Stock Units   $0   12/16/2007     M        7      (3)   (4) Common Stock   7     (5) 0   D    
Restricted Stock Units   $0   12/16/2007     F        4      (6)   (4) Common Stock   4     (8) 6   D    
Restricted Stock Units   $0   12/16/2007     M        6      (6)   (4) Common Stock   6     (8) 0   D    
Restricted Stock Units   $0   12/16/2007     F        4      (7)   (4) Common Stock   4     (9) 5   D    
Restricted Stock Units   $0   12/16/2007     M        5      (7)   (4) Common Stock   5     (9) 0   D    
Restricted Stock Units   $0   12/16/2007     F        290      (7)   (4) Common Stock   290   $0   504   D    
Restricted Stock Units   $0   12/16/2007     M        504      (7)   (4) Common Stock   504   $0   0   D    

Explanation of Responses:
( 1)  Includes 21,861 shares owned jointly with Reporting Person's spouse.
( 2)  On December 16, 2004, Reporting Person was granted Restricted Stock Units ("RSUs") which earn dividend equivalents ("DEs") each time Issuer pays dividends on its Common Stock, which DEs are payable in either cash or additional RSUs, at the discretion of the Issuer's Compensation Committee. On December 16, 2007, the Issuer's Compensation Committee determined to pay all accrued DEs on such RSUs in the form of additional RSUs.
( 3)  RSUs vest 100% on December 16, 2007. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 4)  N/A
( 5)  Price of derivative security is the "Fair Market Value" (the "FMV"), i.e., the average of the high and the low price of the Issuer's Common Stock on each dividend issuance date, i.e., $43.66, $47.30, $47.33 and $56.05 on January 8, 2007, April 9, 2007, July 6, 2007 and October 9, 2007, respectively.
( 6)  RSUs vest in two equal annual installments commencing December 16, 2006. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 7)  RSUs vest in three equal annual installments commencing December 16, 2005. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 8)  Price of derivative security is the FMV of the Issuer's Common Stock on each dividend issuance date, i.e., $55.26, $54.85, $44.51 and $41.30 on January 6, 2006, April 7, 2006, July 7, 2006 and October 6, 2006, respectively.
( 9)  Price of derivative security is the FMV of the Issuer's Common Stock on each dividend issuance date, i.e., $36.99, $41.83, $38.60 and $44.20 on January 7, 2005, April 7, 2005, July 7, 2005 and October 7, 2005, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CALLAHAN R BRUCE
1250 CAPITAL OF TEXAS HWY.
SUITE 500
AUSTIN, TX 78746 		X



Signatures
Stephanie Scherr Olson, Attorney-in-Fact for R. Bruce Callahan 12/18/2007
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
National Financial Partners (NYSE:NFP)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more National Financial Partners Charts.
National Financial Partners (NYSE:NFP)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more National Financial Partners Charts.