SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* BONGAR CHARLES A JR (Last) (First) (Middle) OLD LINE BANK 2995 CRAIN HIGHWAY (Street) WALDORF MD 20601 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/15/2003	3. Issuer Name and Ticker or Trading Symbol OLD LINE BANCSHARES INC [ OLBC-OTCBB ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,225	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to buy)(1)	12/31/1997	12/31/2007	Common Stock	250	$17	D
Stock Option (Right to buy)(1)	12/31/1998	12/31/2008	Common Stock	250	$16	D
Stock Option (Right to buy)(2)	05/25/2001	12/31/2010	Common Stock	500	$12	D
Stock Option (Right to buy)(2)	12/31/2001	12/31/2011	Common Stock	250	$15.8	D
Stock Option (Right to buy)(2)	12/31/2002	12/31/2012	Common Stock	250	$17.8	D

Explanation of Responses:

1. Options were granted under the 1990 Old Line Bank Stock Option Plan which became a stock option plan of Old Line Bancshares, Inc., with the same terms and conditions, after the holding company reorganization. The holding company reorganization became effective at 12:01 a.m. on September 15, 2003.

2. Options were granted under the Old Line Bank 2001 Old Line Bank Stock Option Plan which became a stock option plan of Old Line Bancshares, Inc., with the same terms and conditions, after the holding company reorganization. The holding company reorganization became effective at 12:01 a.m. on September 15, 2003.

Remarks:

	s/Christine M. Rush Attorney-in-fact	09/15/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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