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 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

NESS GREG J
2. Issuer Name and Ticker or Trading Symbol

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

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, President & CEO
(Last)          (First)          (Middle)

1100 SW 6TH AVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/7/2016
(Street)

PORTLAND, OR 97204
(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   3/7/2016     U    117967   D $115   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
Performance Shares 02102014   $0   (1) 3/7/2016     A      12688       12/31/2016   12/31/2016   common stock   12688   $0   12688   D    
Performance Shares 02232015   $0   (1) 3/7/2016     A      8060       12/31/2017   12/31/2017   common stock   8060   $0   8060   D    
Stock Option RTB 02232015   $66.19   3/7/2016     U         31776    12/31/2015   (2) 2/23/2025   common stock   31776   $48.81   0   D    
Stock Option RTB 02102014   $63.51   3/7/2016     U         27691    12/31/2014   (2) 2/10/2024   common stock   27691   $51.49   0   D    
Performance Shares 02102014   $0   (1) 3/7/2016     U         12688    12/31/2016   12/31/2016   common stock   12688   $115   0   D    
Performance Shares 02232015   $0   (1) 3/7/2016     U         8060    12/31/2017   12/31/2017   common stock   8060   $115   0   D    
Restricted Stock Unit 021014   $0   (1) 3/7/2016     U         9434    12/31/2016   12/31/2016   common stock   9434   $115   0   D    
Restricted Stock Unit 02232015   $0   (1) 3/7/2016     U         10229    12/31/2017   12/31/2017   common stock   10229   $115   0   D    
Stock Option RTB 01022008   $49.75   3/7/2016     U         41575    1/2/2009   (2) 1/2/2018   common stock   41575   $65.25   0   D    
Stock Option RTB 01022009   $41.36   3/7/2016     U         65015    12/31/2009   (2) 1/2/2019   common stock   65015   $73.64   0   D    
Stock Option RTB 01032007   $45.49   3/7/2016     U         50000    1/3/2008   (2) 1/3/2017   common stock   50000   $69.51   0   D    
Stock Option RTB 01042010   $41.47   3/7/2016     U         36163    12/31/2010   (2) 1/4/2020   common stock   36163   $73.53   0   D    
Stock Option RTB 02112013   $38.56   3/7/2016     U         80472    12/31/2013   (2) 2/11/2023   common stock   80472   $76.44   0   D    
Stock Option RTB 02132012   $39.58   3/7/2016     U         55358    12/31/2012   (2) 2/13/2022   common stock   55358   $75.42   0   D    
Stock Option RTB 02142011   $45.85   3/7/2016     U         44485    12/31/2011   (2) 2/14/2021   common stock   44485   $69.15   0   D    
Stock Option RTB 05042009   $29.16   3/7/2016     U         12169    5/4/2010   (2) 5/4/2019   common stock   12169   $85.84   0   D    
Stock Option RTB 09222008   $50.08   3/7/2016     U         20000    9/22/2009   (2) 9/22/2018   common stock   20000   $64.92   0   D    

Explanation of Responses:
( 1)  Each Restricted Stock Unit and Performance Share represented a contingent right to receive one share of SFG stock upon vesting. All Restricted Stock Units and Performance Shares were canceled in the merger of the issuer and a subsidiary of Meiji Yasuda Life Insurance Company (the "Merger") for a cash payment equal to the Merger consideration of $115 per share.
( 2)  Each option, which provided for vesting in four equal annual installments beginning on the date set forth in the Date Exercisable column, was canceled in the Merger in exchange for the cash payment per share indicated in column 8, which represents the difference between the exercise price of the option and the Merger consideration of $115 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
NESS GREG J
1100 SW 6TH AVE
PORTLAND, OR 97204
X
Chairman, President & CEO

Signatures
Holley Y. Franklin 3/9/2016
** 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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