Filing Details

Accession Number:
0000723458-10-000020
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-02-11 12:00:00
Reporting Period:
2010-02-09
Filing Date:
2010-02-11
Accepted Time:
2010-02-11 17:29:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
723458 State Bancorp Inc STBC State Commercial Banks (6022) 112846511
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1381048 M Thomas Obrien C/O State Bank Of Long Island
2 Jericho Plaza
Jericho NY 11753
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
State Bancorp, Inc. Common Stock Acquisiton 2010-02-09 4,840 $7.17 285,754 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
State Bancorp, Inc. Common Stock 2,255 Indirect Through ESOP
State Bancorp, Inc. Common Stock 156 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Stbc Common Stock Non-qualified stock option $17.84 2006-11-06 2016-11-06 164,745 164,745 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2016-11-06 164,745 164,745 Direct
Footnotes
  1. Total includes 10,061 shares acquired as restricted stock granted to Mr. O'Brien 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 expiration of year four; and the remainder to vest after the expiration of year five. To date, zero shares have vested.
  2. Total also includes 83,612 shares of restricted stock granted in consideration for the reporting person's acceptance of employment with the issuer and execution of an Amended and Restated Employment Agreement dated December 10, 2007. The restricted shares vest in 20 equal quarterly installments commencing with the end of the first quarter in which employment commences subject to acceleration upon death, disability and termination without cause or termination by the reporting person with good reason. To date, 54,353 shares have vested.
  3. Through Company 401(K) Matching Program.
  4. These options are subject to a five year vesting schedule (20% the first year and 20% each of the following four years). To date, 98,847 shares have vested.