Magyar Bancorp, Inc. — Director's Dealing 2015

May 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Magyar Bancorp, Inc. (MGYR)
CIK: 0001337068
Period of Report: 2015-05-08

Reporting Person: Ansari Jon (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-08	Common Stock	S	5000	$8.75	Disposed	23900	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1745	Indirect
Common Stock	7666	Indirect
Common Stock	12754	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.61	2017-03-01	Common Stock (32500)	32500	Direct

Footnotes

F1: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

F2: Includes 3,000 shares of restricted stock that vests at a rate of 20% per year commencing on April 1, 2011.

F3: Includes 2,000 shares of restricted stock that vests at a rate of 20% per year commencing on April 1, 2012.