Magyar Bancorp, Inc. — Director's Dealing 2007

Mar 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2007-03-01

Reporting Person: Romano Salvatore J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	A	4357	—	Acquired	23624	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-01	Stock Options	$14.61	A	9076	Acquired	2017-03-01	Common Stock (9076)	Direct

Footnotes

F1: Shares of restricted stock vest 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.