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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OMB Number: 3235-0287
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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 *

Unger John Thomas
2. Issuer Name and Ticker or Trading Symbol

EDELMAN FINANCIAL GROUP INC. [ EF ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Sr. VP and General Counsel
(Last)          (First)          (Middle)

600 TRAVIS, SUITE 3100
3. Date of Earliest Transaction (MM/DD/YYYY)

9/20/2012
(Street)

HOUSTON, TX 77002
(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   9/20/2012     J (6)    44787   D $8.85   0   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 Unit   (3) $8.85   (1) (2) 9/20/2012     D   (2)       17965      (2)   (2) Common Stock   17965     (3) 0   D    
Restricted Stock Units   (4) $8.85   (1) (5) 9/20/2012     D   (5)       13969      (5)   (5) Common Stock   13969     (4) 0   D    
Stock Option (Right to But)   $16.81   9/20/2012     D   (7)       10000    7/1/2005   7/1/2015   Common Stock   10000   $0   0   D    

Explanation of Responses:
( 1)  Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
( 2)  The restricted stock units, which provided or vesting 25% on the date of grant, 50% on March 15, 2013, 75% on March 15, 2014, and 100% on March 15, 2015, were canceled in the merger in exchnage for a cash payment of $8.85 per share.
( 3)  The restricted stock units were issued pursuant to the Issuer's 2011 Executive and Key Manager Restricted Stock Unit Sub-Plan
( 4)  The restricted stock units were issued pursuant to the Issuer's 2010 Executive and Key Manager Restricted Stock Unit Sub-Plan
( 5)  The restricted stock units, which provided or vesting 25% on the date of grant, 50% on March 15, 2013, 75% on March 15, 2013, and 100% on March 15, 2014, were canceled in the merger in exchnage for a cash payment of $8.85 per share.
( 6)  Disposed of pursuant to merger agreement among the Issuer, Summer Holdings II, Inc., and Summer Merger Sub, Inc. in exchange for $8.85 in cash per share.
( 7)  Cancelled pursuant to merger agreement among the Issuer, Summer Holdings II, Inc., and Summer Merger Sub, Inc.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Unger John Thomas
600 TRAVIS, SUITE 3100
HOUSTON, TX 77002


Sr. VP and General Counsel

Signatures
John T. Unger 9/20/2012
** 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.
Edelman Financial Grp. Inc. (The) (MM) (NASDAQ:EF)
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