Magyar Bancorp, Inc. — Director's Dealing 2011

Jun 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2011-04-01

Reporting Person: Stanley Brian (SVP and Chief Lending Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-01	Common Stock	A	500	—	Acquired	4750	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2915	Indirect
Common Stock	1700	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.61	2017-03-01	Common Stock (5000)	5000	Direct

Footnotes

F1: Includes 3,250 shares of restricted stock that vests at a rate of 20% per year commencing on March 1, 2008.

F2: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

F3: Stock options vest at a rate of 20% per year commencing on March 1, 2008.

F4: Includes 1,000 shares of restricted stock that vests at a rate of 20% per year commencing on April 1, 2011.

F5: Includes 500 shares of restricted stock that vests at a rate of 20% per year commencing on April 1, 2012.