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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DEVINE MICHAEL P

(Last)

(First)

(Middle)

209 HAVEMEYER STREET

(Street)

BROOKLYN

11211

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DIME COMMUNITY BANCSHARES INC [ DCOM ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	PRESIDENT & COO

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2009

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)
Common Stock	05/14/2009	05/14/2009	P		5,000	A	$7.15	355,891	D
Common Stock								0	I	401(k) Plan
Common Stock								214,265	I	Bmp
Common Stock								52,983	I	Esop
Common Stock								9,094	I	Restricted Stock Award
Restricted Stock Award								24,326	I	Restricted Stock Award

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)
Stock Options (Right to Buy)	$4.3							12/26/1997	12/26/2006	Common Stock	0		0	D
Stock Options (Right to Buy)	$6.45							12/26/1997	12/26/2006	Common Stock	0		0	D
Stock Options (Right to Buy)	$10.91							11/21/2002	11/21/2011	Common Stock	28,664		28,664	D
Stock Options (Right to Buy)	$16.36							11/21/2002	11/21/2011	Common Stock	0		0	D
Stock Options (Right to Buy)	$19.73							02/01/2004	02/01/2013	Common Stock	0		0	D
Stock Options (Right to Buy)	$19.9							01/27/2005	01/27/2014	Common Stock	111,000		111,000	D
Stock Options (Right to Buy)	$29.85							01/27/2005	01/27/2014	Common Stock	0		0	D
Stock Options (Right to Buy)	$10.91							11/21/2005	11/21/2011	Common Stock	0		0	D
Stock Options (Right to Buy)	$15.1							05/31/2006⁽¹⁾	05/31/2015	Common Stock	90,537		90,537	D
Stock Options (Right to Buy)	$19.9							01/27/2008	01/27/2014	Common Stock	0		0	D
Stock Options (Right to Buy)	$29.85							01/27/2008	01/27/2014	Common Stock	0		0	D
Stock Options (Right to Buy)	$13.74							05/01/2008⁽²⁾	05/01/2017	Common Stock	170,000		170,000	D
Stock Options (Right to Buy)	$16.73							05/01/2012⁽³⁾	07/31/2018	Common Stock	18,135		18,135	D
Stock Options (Right to Buy)	$8.34							05/01/2010	04/30/2019	Common Stock	38,798		38,798	D

Explanation of Responses:

1. Options vest in equal annual installments on May 31, 2006, 2007, 2008 and 2009.

2. Options vest in equal 1/4th annual installments on May 1, 2008, 2009, 2010 and 2011.

3. Award vests in equal annual installments (adjusted for rounding) on May 1, 2009, 2010, 2011 and 2012.

	/s/ MICHAEL P. DEVINE	05/14/2009
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.