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 *
HUSTON JAMES
  2. Issuer Name and Ticker or Trading Symbol
CAMCO FINANCIAL CORP [CAFI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President/CEO
(Last)
(First)
(Middle)
5533 STILLWATER AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2013
(Street)

WESTERVILLE, OH 43082
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
Common Stock 11/14/2013   M   24,279 A $ 2.15 709,167 D  
Common Stock 11/14/2013   M   31,142 A $ 2.15 740,309 D  
Common Stock 11/14/2013   M   131,632 A $ 2.51 871,941 D  
Common Stock 11/14/2013   S   187,053 D $ 6.2166 (1) 684,888 D  
Common Stock               222,910 I By 401(K) Plan
Common Stock               1,400 I By Minor Child
Common Stock               6,064 I Trust with Minor Child

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
Common Stock Warrants (Right to Buy) $ 2.1             11/07/2012 11/06/2017 Common Stock 102,723   102,723 I By 401(K) Plan
Common Stock Warrants (Right to Buy) $ 2.1             11/07/2012 11/06/2017 Common Stock 171,429   171,429 D  
Common Stock Warrants (Right to Buy) $ 2.1             11/07/2012 11/06/2017 Common Stock 3,032   3,032 I Trust with Minor Child
Common Stock Warrants (Right to Buy) $ 2.1             11/07/2012 11/06/2017 Common Stock 600   600 I By Minor Child
Stock Option $ 2.15 11/14/2013   M     24,279 02/18/2011(2) 02/18/2021 Common Stock 24,279 $ 0 26,566 D  
Stock Option $ 2.15 11/14/2013   M     31,142 02/18/2011(2) 02/18/2021 Common Stock 31,142 $ 0 10,382 D  
Stock Option $ 2.51 11/14/2013   M     131,632 02/26/2010(2) 02/26/2020 Common Stock 131,632 $ 0 32,909 D  
Stock Option $ 2.5             01/23/2009 01/23/2019 Common Stock 75,000   75,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HUSTON JAMES
5533 STILLWATER AVENUE
WESTERVILLE, OH 43082
  X     President/CEO  

Signatures

 /s/Kristina K. Tipton, POA for James E. Huston   11/15/2013
**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) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.20 to $6.24, inclusive. The reporting person undertakes to provide to Camco Financial Corporation, any security holder of Camco Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(2) 20% exercisable on date of grant. Additional 20% exercisable each anniversary date thereafter.

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