Securities and Exchange Commission
                         Washington, DC  20549

                                FORM 8-K

                              CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


  Date of report (Date of earliest event reported): September 19, 2007


                            NASB FINANCIAL, INC.
           (Exact Name of Registrant as Specified in Its Charter)



                                  MISSOURI
               (State or Other Jurisdiction of Incorporation)


         0-24033                               43-1805201
 (Commission File Number)       (I. R. S, Employer Identification No.)


                          12498 South 71 Highway
                         Grandview, Missouri 64030
           (Address of Principal Executive offices)(Zip Code)


                               (816) 765-2200
           (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))






Item 8.01  Other Events


          On September 19, 2007, John M. Nesselrode, Vice President of
NASB Financial, Inc. (the "Company"), entered into a Rule 10b5-1
trading plan (the "Plan") with a broker to manage the sale of up to
10,000 shares of the Company's common stock, subject to the terms and
conditions of the Plan.  The Plan expires on March 31, 2008, unless
renewed, extended, or terminated earlier by Mr. Nesselrode.

     Mr. Nesselrode will have no control over the timing of stock sales
under the Plan, thereby allowing trades to occur exempt from "blackout
periods" prescribed by the Company's Insider Trading Policy.  Any
transactions under the Plan will be reported by Mr. Nesselrode through
individual From 4 filings with the Securities and Exchange Commission.

    The Plan is intended to satisfy the affirmative defense conditions
of Rule 10b5-1 of the Securities Exchange Act of 1934 and is in
conformity with an exception permitted in the Company's Insider Trading
Policy.  Rule 10b5-1 allows corporate insiders to establish prearranged
written stock plans.  A Rule 10b5-1 plan must be entered into in good
faith at a time when the insider is not aware of material, nonpublic
information.






                              SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                        NASB FINANCIAL, INC.

September 19, 2007                    By:  /s/ Rhonda Nyhus
                                           Rhonda Nyhus
                                           Vice President and Treasurer