Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
01/23/2007		 3. Issuer Name and Ticker or Trading Symbol
TEAM FINANCIAL INC /KS [TFIN]
(Last)
(First)
(Middle)
P.O. BOX 402		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec. VP-COO
 5. If Amendment, Date Original Filed(Month/Day/Year)
02/22/2007
(Street)

PAOLA, KS 66071		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, No Par Value 2,170
I
Sandra J. Moll Revocable Trust DTD 04/18/2003
Common Stock, No Par Value 4,358
I
ESOP
Common Stock, No Par Value 2,070
I
David S. Moll Revocable Trust DTD 04/18/2003
Common Stock, No Par Value 5,769
I
ESOP of spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option 12/31/2002 12/31/2011 Common Stock 1,500 $ 8.32 D  
Option 12/31/2003 12/31/2012 Common Stock 1,500 $ 10.1 D  
Option 12/31/2004 12/31/2013 Common Stock 2,000 $ 12.41 D  
Option 12/31/2005 12/31/2014 Common Stock 3,000 $ 12.194 D  
Option 12/31/2006 12/31/2015 Common Stock 10,000 $ 14.3 D  
Option   (1) 01/01/2016 Common Stock 12,000 $ 14.3 D  
Option   (1) 01/01/2017 Common Stock 12,000 $ 15.97 D  
Option 12/31/2002 12/31/2011 Common Stock 1,000 $ 8.32 I Spouse
Option 12/31/2003 12/31/2012 Common Stock 1,000 $ 10.1 I Spouse
Option 12/31/2004 12/31/2013 Common Stock 500 $ 12.41 I Spouse
Option 12/31/2005 12/31/2014 Common Stock 500 $ 12.194 I Spouse
Option 12/31/2006 12/31/2015 Common Stock 500 $ 14.3 I Spouse
Option 12/31/2007 12/31/2016 Common Stock 500 $ 15.97 I Spouse

Reporting Owners

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

Signatures

/s/ Lois Rausch, by power of attorney 05/29/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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. Currently, 4,000 shares have vested under these options.
 
Remarks:
EXHIBIT 24.1 Power of Attorney

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