SEC FORM 4

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^*

BRAUN FREDERICK C III

(Last)

(First)

(Middle)

2 JERICHO PLAZA

2ND FLOOR, WING C

(Street)

JERICHO

11753

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STATE BANCORP INC [ stbc ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2009

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
State Bancorp, Inc. Common Stock	07/09/2009		A		10,000⁽¹⁾	A	$0	44,646.486⁽¹⁾⁽²⁾	D
State Bancorp, Inc. Common Stock								13,332.5301	I	Through ESOP

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
ISO	$22.63							02/14/2005	02/14/2015	STB Common Stock	6,000⁽³⁾		6,000⁽³⁾	D
ISO	$19.16							02/23/2004	02/23/2014	STB Common Stock	6,300⁽³⁾		6,300⁽³⁾	D
ISO	$13.61							02/24/2003	02/24/2013	STB Common Stock	6,614⁽³⁾		6,614⁽³⁾	D
ISO	$12.45							02/26/2002	02/26/2012	STB Common Stock	7,778⁽³⁾		7,778⁽³⁾	D
ISO	$10.28							02/27/2001	02/27/2011	STB Common Stock	11,668⁽³⁾		11,668⁽³⁾	D
ISO	$8.25							02/29/2000	02/28/2010	STB Common Stock	3,936⁽³⁾		3,936⁽³⁾	D

Explanation of Responses:

1. Total includes 10,000 shares of restricted stock granted to Mr. Braun as part of the 2009 Award Agreement. Shares vest one-third on March 25, 2011, one-third on March 25, 2012 and the remainder to vest on March 25, 2013.

2. Total includes 7,500 shares of restricted stock granted to Mr. Braun as part of his 2007 incentive compensation package. Shares vest over a five year period;one-third to vest after the expiration of year three; one-third to vest after the expiration of year four; and the remainder to vest after the expiration of year five.

3. These options are sugject to a five year schedule (0% the first year and 25% each of the following years). Under the terms of a Consulting Agreement dated July 9, 2009, these options shall expire as of September 30, 2009.

	Frederick C. Braun, III	07/13/2009
	** 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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