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 *
LYBARGER STANLEY A
   2. Issuer Name and Ticker or Trading Symbol
BOK FINANCIAL CORP ET AL [BOKF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O FREDERIC DORWART, 124 E FOURTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2011
(Street)

TULSA, OK 74103		 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Restricted Stock (1/12/17) (4) 12/31/2011   D     18,302   (5)   (5) Common Stock 18,302 (4) 0 D  
Phantom Stock (1) 12/31/2011   A   18,302     (2)   (2) Common Stock 18,302 (3) 49,494 D  
Phantom Stock (1) 12/31/2011   D     18,302   (2)   (2) Common Stock 18,302 (3) 31,192 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LYBARGER STANLEY A
C/O FREDERIC DORWART
124 E FOURTH STREET
TULSA, OK 74103		   X     President and CEO  

Signatures

 Frederic Dorwart   01/04/2012
**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) Each share of Phantom Stock represents a right to receive one share of Common Stock, or at the Company's election, the cash value thereof.
(2) The Phantom Stock becomes payable upon the reporting person's termination of employment with the company.
(3) The reporting person elected to defer receipt of 18,302 shares of common stock issuable upon the vesting of restricted stock, receiving 18,302 shares of BOKF Phantom Stock. The reporting person elected to diversify the 18,302 shares of BOKF Phantom Stock into alternative investments.
(4) Represents the vesting and deferral of Restricted Stock into BOKF Phantom Stock. Restricted stock vests 5 years from the date of grant. Shares are subject to forfeiture (i) upon termination of employment prior to vesting, and (ii) certain performance earnings per share targets established pursuant to BOKF Executive Incentive Plan are not met.
(5) The reporting person elected to defer receipt of 18,302 shares of common stock issuable upon the vesting of restricted stock, receiving 18,302 shares of BOKF Phantom Stock. The Phantom Stock expires upon the termination of the Deferred Compensation Agreement which remain in effect until the reporting person's retirement or the agreement is otherwise terminated.

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