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*
DRENNAN THOMAS W
(Last) (First) (Middle)
ONE ASTORIA FEDERAL PLAZA
(Street)
LAKE SUCCESS NY 11042
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ASTORIA FINANCIAL CORP [ AF ] 		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)
10/24/2003
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 10/24/2003 S 1,500 D $33.8053 97,508.28 D(1)
Common Stock 10/24/2003 S 4,500 D $33.8 93,008.28 D(1)
Common Stock 10/24/2003 S 2,000 D $33.86 91,008.28 D(1)
Common Stock 10/24/2003 S 2,000 D $33.863 89,008.28 D(1)
Common Stock 10/24/2003 S 1,500 D $33.87 87,508.28 D(1)
Common Stock 10/24/2003 S 1,500 D $33.88 86,008.28 D(1)
Common Stock 10/24/2003 S 1,500 D $33.8207 84,508.28 D(1)
Common Stock 10/24/2003 S 2,000 D $33.83 82,508.28 D(1)
Common Stock 10/24/2003 S 2,000 D $33.803 80,508.28 D(1)
Common Stock 18,177.61 D(1)(2)
Common Stock 1 D(1)(9)
Common Stock 40,000 I(3) Spouse
Common Stock 2,743.22 I(1)(4) Spouse's IRA
Common Stock 21,571.51 I(5) ESOP
Common Stock 22,654.12 I(6) 401(k) Plan
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
Non-Statutory Stock Option(7) $18 08/19/1998 12/17/2006 Common Stock 20,000 20,000 D
Non-Statutory Stock Option(7) $29.0625 08/19/1998 12/16/2007 Common Stock 35,000 35,000 D
Non-Statutory Stock Option(7) $22.5312 01/10/2002 12/15/2008 Common Stock 43,562 43,562 D
Non-Statutory Stock Option(8) $14.9375 01/10/2003 12/14/2009 Common Stock 53,306 53,306 D
Incentive Stock Option(8) $24.8438 01/10/2004 12/19/2010 Common Stock 4,024 4,024 D
Non-Statutory Stock Option(8) $24.8438 01/10/2004 12/19/2010 Common Stock 75,976 75,976 D
Incentive Stock Option(8) $25.25 01/10/2005 12/18/2011 Common Stock 3,960 3,960 D
Non-Statutory Stock Option(8) $25.25 01/10/2005 12/18/2011 Common Stock 67,040 67,040 D
Incentive Stock Option(8) $27 01/10/2006 12/17/2012 Common Stock 3,703 3,703 D
Non-Statutory Stock Option(8) $27 01/10/2006 12/17/2012 Common Stock 89,297 89,297 D
Explanation of Responses:
1. Includes shares acquired pursuant to the Astoria Financial Corporation Automatic Dividend Reinvestment Stock Purchase Plan which are exempt from the operation of Section 16 of the Securities Exchange Act of 1934 and are beneficially owned directly by Mr. Drennan.
2. Shares are held in Mr. Drennan's Dean Witter Individual Retirement Account.
3. Shares are held by Mr. Drennan's spouse.
4. Shares are held in the Dean Witter Individual Retirement Account of Mr.Drennan's spouse.
5. Represents shares allocated to Mr. Drennan's account under the Astoria Federal Savings and Loan Association Employee Stock Ownership Plan ("ESOP") as of March 26, 2003 and held in the ESOP Trust.
6. Represents shares held in the Employer Stock Fund of the Astoria Incentive Savings Plan ("401(k) Plan") for the account of Mr. Drennan as of September 5, 2003. Shares are held in the 401(k) Plan Trust.
7. The Options were granted pursuant to the 1996 Stock Option Plan for Officers and Employees of Astoria Financial Corporation, or the 1996 Plan.
8. The Options were granted pursuant to the 1999 Stock Option Plan for Officers and Employees of Astoria Financial Corporation, or the 1999 Plan.
9. Sole ownership by Mr. Drennan.
Thonas W. Drennan by Alan P.Eggleston, attorney in fact 10/27/2003
** 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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