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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 V2AqIKp3n/50+Ch4UbX7O7CfodPTt/LJP8TEuLrrE0clKukCjB83lOfLCiUXDml7
 eWHtyg7oUtfA8C1ro17CLQ==

<SEC-DOCUMENT>0001116502-08-000030.txt : 20080107
<SEC-HEADER>0001116502-08-000030.hdr.sgml : 20080107
<ACCEPTANCE-DATETIME>20080107161411
ACCESSION NUMBER:		0001116502-08-000030
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080103
FILED AS OF DATE:		20080107
DATE AS OF CHANGE:		20080107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sun American Bancorp
		CENTRAL INDEX KEY:			0001042521
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				650325364
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0330

	BUSINESS ADDRESS:	
		STREET 1:		9293 GLADES ROAD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33434
		BUSINESS PHONE:		(561) 544-1908

	MAIL ADDRESS:	
		STREET 1:		9293 GLADES ROAD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33434

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANAMERICAN BANCORP
		DATE OF NAME CHANGE:	20020823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN SECURITY BANK CORP
		DATE OF NAME CHANGE:	19971125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN SECURITY FINANCIAL CORP
		DATE OF NAME CHANGE:	19970715

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Perrone Stephen L
		CENTRAL INDEX KEY:			0001292535

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32183
		FILM NUMBER:		08515297

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		321-308-5503

	MAIL ADDRESS:	
		STREET 1:		4325 WOODLAND PARK DRIVE
		STREET 2:		SUITE 104
		CITY:			WEST MELBOURNE
		STATE:			FL
		ZIP:			32904
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>perrone-s_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001042521</issuerCik>
        <issuerName>Sun American Bancorp</issuerName>
        <issuerTradingSymbol>SAMB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001292535</rptOwnerCik>
            <rptOwnerName>Perrone Stephen L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O  SUNAMERICAN BANCORP</rptOwnerStreet1>
            <rptOwnerStreet2>9293 GLADES ROAD</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33434</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>3.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-01-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-01-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>30000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The options vest in five equal installments beginning on January 1, 2009</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen Perrone</signatureName>
        <signatureDate>2008-01-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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