Magyar Bancorp, Inc. — Director's Dealing 2007

Aug 9, 2007

SEC Form 4/A — Form 4/A

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2007-08-03

Reporting Person: Lankey Thomas (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-03	Common Stock	P	500	$12	Acquired	22102	Direct
2007-08-03	Common Stock	P	500	$12	Acquired	900	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.61	2017-03-01	Common Stock (10212)	10212	Direct

Footnotes

F1: Includes 4,902 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.