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^*

FINNERAN BRIAN K

(Last)

(First)

(Middle)

(Street)

(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)
12/31/2009

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	12/31/2009		A		6,896⁽¹⁾	A	$0	51,847⁽²⁾⁽³⁾	D
State Bancorp, Inc. Common Stock								8,399.575⁽⁴⁾	D
State Bancorp, Inc. Common Stock								744.802	I	Cust for son
State Bancorp, Inc. Common Stock								794.306	I	Cust for son
State Bancorp, Inc. Common Stock								743.722	I	Cust for daughter
State Bancorp, Inc. Common Stock								29,102.5843	I	Through ESOP
State Bancorp, Inc. Common Stock								325.1241⁽⁵⁾	D
State Bancorp, Inc. Common Stock								300	I	Wife's IRA

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	$19.16							02/23/2004⁽⁶⁾	02/23/2014	STB Common	6,300		6,300	D
ISO	$22.63							02/14/2005⁽⁶⁾	02/14/2015	STB Common	6,000		6,000	D

Explanation of Responses:

1. Shares acquired are shares of restricted stock granted to Mr. Finneran as part of his 2008 incentive compensation package. Shares vest over a five year period; one-third to vest on March 25, 2012, one-third to vest on March 25, 2013 and the remainder to vest on March 25, 2014 as outlined under the Company's 2006 Equity Compensation Plan Restricted Stock Award Agreement dated December 31, 2009.

2. Total includes 6896 shares of restricted stock granted to Mr. Finneran as part of his 2008 incentive compensation package. Shares vest over a five year period; one-third to vest on March 25, 2012, one-third to vest on March 25, 2013 and the remainder to vest on March 25, 2014 as outlined under the Company's 2006 Equity Compensation Plan Restricted Stock Award Agreement dated December 31, 2009.

3. Joint with wife.

4. IRA.

5. Through Company 401(K) Matching Program.

6. These options are subject to a five year vesting schedule (0% the first year and 25% each of the following years).

	Brian K. Finneran	01/04/2010
	** 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.
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