SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HAGE CURTIS L
(Last) (First) (Middle)
HF FINANCIAL CORP.
225 S. MAIN AVENUE
(Street)
SIOUX FALLS SD 57104
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HF FINANCIAL CORP [ HFFC ] 		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
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2004
4. If Amendment, Date of 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
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 02/24/2004 S 600 D $17.71 97,925 D
Common Stock 02/25/2004 S 200 D $17.7 97,725 D
Common Stock 02/26/2004 S 100 D $17.7 97,625 D
Common Stock 02/26/2004 S 3,100 D $17.59 94,525 D
Common Stock 19,717 D
Common Stock 3,491 D
Common Stock 2,795 D
Common Stock 11,965(1) I By Spouse
Common Stock 594 I By Son
Common Stock 13,686(2) I By ESOP
Common Stock 4,660(3) I By 401(k)
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 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: 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
Employee Stock Ownership (Right to Buy) $6.666 03/03/1994(4) 02/15/2004 Common Stock 5,250 5,250 D
Employee Stock Ownership (Right to Buy) $7.425 08/14/1995(5) 02/13/2005 Common Stock 24,245 24,245 D
Employee Stock Ownership (Right to Buy) $9.279 06/30/1997(6) 09/06/2006 Common Stock 12,072 12,072 D
Employee Stock Ownership (Right to Buy) $14.773 06/30/1998(7) 09/10/2007 Common Stock 16,923 16,923 D
Employee Stock Ownership (Right to Buy) $13.977 06/30/1999(8) 09/09/2008 Common Stock 18,422 18,422 D
Employee Stock Ownership (Right to Buy) $8.523 06/30/2001(9) 09/13/2010 Common Stock 19,265 19,265 D
Employee Stock Ownership (Right to Buy) $11.364 06/30/2002(10) 09/11/2011 Common Stock 11,232 11,232 D
Employee Stock Ownership (Right to Buy) $10.909 06/30/2003(11) 09/11/2012 Common Stock 12,425 12,425 D
Employee Stock Ownership (Right to Buy) $16.227 06/30/2004(12) 09/10/2013 Common Stock 5,777 5,777 D
Explanation of Responses:
1. Mr. Hage disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
2. Allocation of shares pursuant to Issuer's Employee Stock Ownership Plan for Plan Year Ended 06/30/2003, of which Reporting Person was notified by a statement issued 07/29/2003.
3. These shares were acquired after 06/30/02, during the fiscal year, pursuant to the HF Financial Corp. Retirement Savings Plan, at prices ranging from $10.50 to $19.75. The information reported herein is based on a plan statement dated 06/30/2003 and issued 07/29/2003.
4. Option becomes exercisable in equal amounts over a 5-year period beginning 03/03/1994.
5. Option becomes exercisable in equal amounts over a 5-year period with the first amount of 08/14/1995 and each year on 06/30 thereafter.
6. Option becomes exercisable in equal amounts over a 5-year period beginning 06/30/1997.
7. Option becomes exercisable in equal amounts over a 5-year period beginning 06/30/1998.
8. Option becomes exercisable in equal amounts over a 5-year period beginning 06/30/1999.
9. Option becomes exercisable in equal amounts over a 5-year period beginning 06/30/2001.
10. Option becomes exercisable in equal amounts over a 3-year period beginning 06/30/2002.
11. Option becomes exercisable in equal amounts over a 3-year period beginning 06/30/2003.
12. Option becomes exercisable in equal amounts over a 3-year period beginning 06/30/2004.
Curtis L. Hage 02/26/2004
** 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).
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