Magyar Bancorp, Inc. — Director's Dealing 2011

Jan 28, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2011-01-28

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4250	Direct
Common Stock	1700	Indirect
Common Stock	2915	Indirect

Holdings (Derivative)

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

Footnotes

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

F2: Includes 1,000 shares of restricted stock that vest at a rate of 20% per year commencing on April 1, 2011.

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