Magyar Bancorp, Inc. — Director's Dealing 2007

Nov 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2007-11-28

Reporting Person: Stokes Edward C III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-28	Common Stock	P	1000	$11.05	Acquired	3500	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26772	Direct
Common Stock	4000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.61	2017-03-01	Common Stock (9076)	9076	Direct

Footnotes

F1: Includes 4,357 shares of restricted stock that vests at a rate of 20% per year commencing on March 1, 2008.

F2: Stock options vest at a rate of 20% per year commencing on March 1, 2008.