-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PwwMP2xidNcjoSOHy9QO3yBzx7v9jTCsWNFQxxuHsc7WRzwbiFxqddWaCNodkL3V
 k+gOfRoIhpy0Te2StRrMsA==

<SEC-DOCUMENT>0001116502-08-001089.txt : 20080703
<SEC-HEADER>0001116502-08-001089.hdr.sgml : 20080703
<ACCEPTANCE-DATETIME>20080703111622
ACCESSION NUMBER:		0001116502-08-001089
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080702
FILED AS OF DATE:		20080703
DATE AS OF CHANGE:		20080703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Famadas Nelson
		CENTRAL INDEX KEY:			0001314193

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32183
		FILM NUMBER:		08937021

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		305-267-1804

	MAIL ADDRESS:	
		STREET 1:		4722 SW 74TH AVENUE
		STREET 2:		STE 202
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33155

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>famadas-n_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-07-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001314193</rptOwnerCik>
            <rptOwnerName>Famadas Nelson</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SUN AMERICAN 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>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-07-02</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-07-02</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.05</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>80707</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Nelson Famadas</signatureName>
        <signatureDate>2008-07-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----