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 *
  Tipton Kristina K.
 2. Date of Event Requiring Statement (Month/Day/Year)
05/27/2008		 3. Issuer Name and Ticker or Trading Symbol
CAMCO FINANCIAL CORP [CAFI]
(Last)
(First)
(Middle)
62960 JAMES RD.		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PFAO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CAMBRIDGE, OH 43725		 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 3,813 (1)
I
by 401 (K) Plan

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
Stock Option 02/18/2011 02/18/2021 Common Shares 2,141 (2) $ 2.15 D  
Stock Option 02/25/2010 02/25/2020 Common Shares 3,815 (2) $ 2.51 D  
Stock Option 01/22/2008 01/22/2018 Common Shares 677 (2) $ 8.92 D  
Stock Option 01/23/2007 01/23/2017 Common Shares 296 (2) $ 12.35 D  
Stock Option 02/01/2006 02/01/2016 Common Shares 2,925 (2) $ 14.1 D  
Stock Option 01/27/2005 01/27/2015 Common Shares 1,000 (2) $ 16.51 D  
Stock Option 01/27/2004 01/27/2014 Common Shares 211 (2) $ 17.17 D  
Stock Option 01/22/2003 01/22/2013 Common Shares 709 (2) $ 16.13 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tipton Kristina K.
62960 JAMES RD.
CAMBRIDGE, OH 43725		       PFAO  

Signatures

/s/Kristina K. Tipton 03/09/2012
**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 were purchased through the 401(k) plan, which purchase was exempt under Section 16b-3(d).
(2) 20% exercisable on date of grant. Additional 20% exercisable each anniversary date thereafter.

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