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 *
STEIN JAY
   2. Issuer Name and Ticker or Trading Symbol
STEIN MART INC [SMRT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
1200 RIVERPLACE BLVD, 10TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
01/14/2008
(Street)

JACKSONVILLE, FL 32207		 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, $0.01 Par Value 01/14/2008   P   10,000 A $ 3.6 26,649 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,200 A $ 3.62 30,849 D  
Common Stock, $0.01 Par Value 01/14/2008   P   10,000 A $ 3.63 40,849 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,165 A $ 3.64 45,014 D  
Common Stock, $0.01 Par Value 01/14/2008   P   3,900 A $ 3.65 48,914 D  
Common Stock, $0.01 Par Value 01/14/2008   P   600 A $ 3.66 49,514 D  
Common Stock, $0.01 Par Value 01/14/2008   P   5,832 A $ 3.67 55,346 D  
Common Stock, $0.01 Par Value 01/14/2008   P   800 A $ 3.68 56,146 D  
Common Stock, $0.01 Par Value 01/14/2008   P   600 A $ 3.69 56,746 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,100 A $ 3.7 60,846 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,500 A $ 3.71 65,346 D  
Common Stock, $0.01 Par Value 01/14/2008   P   350 A $ 3.8 65,696 D  
Common Stock, $0.01 Par Value 01/14/2008   P   100 A $ 3.81 65,796 D  
Common Stock, $0.01 Par Value 01/14/2008   P   2,265 A $ 3.82 68,061 D  
Common Stock, $0.01 Par Value 01/14/2008   P   3,200 A $ 3.84 71,261 D  
Common Stock, $0.01 Par Value 01/14/2008   P   32,800 A $ 3.85 104,061 D  
Common Stock, $0.01 Par Value 01/14/2008   P   8,698 A $ 3.86 112,759 D  
Common Stock, $0.01 Par Value 01/14/2008   P   1,954 A $ 3.87 114,713 D  
Common Stock, $0.01 Par Value 01/14/2008   P   3,857 A $ 3.88 118,570 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,749 A $ 3.89 123,319 D  
Common Stock, $0.01 Par Value 01/14/2008   P   15,243 A $ 3.9 138,562 D  
Common Stock, $0.01 Par Value 01/14/2008   P   580 A $ 3.91 139,142 D  
Common Stock, $0.01 Par Value 01/14/2008   P   1,342 A $ 3.92 140,484 D  
Common Stock, $0.01 Par Value 01/14/2008   P   7,100 A $ 3.93 147,584 D  
Common Stock, $0.01 Par Value 01/14/2008   P   365 A $ 3.97 147,949 D  
Common Stock, $0.01 Par Value 01/14/2008   P   4,200 A $ 3.98 152,149 D  
Common Stock, $0.01 Par Value 01/11/2008   G   1,000,000 D $ 0 13,441,278 I (1) By Stein Ventures Ltd. Partnership
Common Stock, $0.01 Par Value               24,644 I (2) By Cary Ventures
Common Stock, $0.01 Par Value               731,600 I (3) By trust for benefit of spouse
Common Stock, $0.01 Par Value 01/11/2008   G   500,000 A $ 0 610,000 I (4) (5) By daughter

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STEIN JAY
1200 RIVERPLACE BLVD
10TH FLOOR
JACKSONVILLE, FL 32207		   X   X   Chairman of the Board  

Signatures

 /s/ Jay Stein   01/16/2008
**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) Excludes a total of 515,201 shares transferred to indirect forms of ownership through Cary Ventures or a trust for the benefit of the reporting person since the date of the reporting person's last report.
(2) Includes 15,152 shares transferred from Stein Ventures Limited Partnership since the date of the reporting person's last report.
(3) Includes 500,000 shares transferred from Stein Ventures Limited Partnership since the date of the reporting person's last report.
(4) Jay Stein, Custodian for Berry Hattie Stein.
(5) The reporting person no longer has a reportable beneficial interest in 610,000 shares of common stock owned by his adult daughter, Jay Meredith Stein, and included in the reporting person's prior ownership reports. The 610,000 shares include 500,000 shares transferred by gift on January 11, 2008.

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