X0303 4 2008-09-02 0001042521 Sun American Bancorp SAMB 0001338345 Barreiro Alfredo M C/O SUN AMERICAN BANCORP 9293 GLADES ROAD BOCA RATON FL 33434 0 1 0 0 EVP & COO of Sun American Bank Stock Option (right to buy) 2.10 2008-09-02 4 A 0 10000 0 A 2018-09-01 Common Stock 10000 10000 D The options vest in five equal installments beginning on January 1, 2009 The filing of this statement shall not be construed as an admission (a) that the person filing this statement is for the purposes of Section 16 of the Securities Exchange Act of 1934 as amended the beneficial owner of any equity securities covered by this statement or (b) that this statement is legally required to be filed by such person. Chairman, President & CEO of Sun American Bank and President & CEO of Sun American Bancorp. /s/ Alfredo Barreiro 2008-11-28