X0202 4 2004-09-10 0 0001225874 VSB BANCORP INC VSBN 0001231749 BRANCA RAFFAELE M C/O VSB BANCORP INC 3155 AMBOY ROAD STATEN ISLAND NY 10306 1 1 0 0 Executive Vice President Common Stock 2004-09-10 2004-09-10 4 X 0 400 7.1875 A 400 I Mr. Branca's spouse exercised stock options Common Stock 2004-09-10 2004-09-10 4 X 0 160 5.94 A 560 I Mr. Branca's spouse exercised stock options. Represents the exercise of stock options under the Restated 1998 Incentive Stock Ownership Plan by Mr. Branca's spouse Dawn Marie Branca, for which Mr. Branca disclaims voting power and beneficial ownership. Represents the exercise of stock options under the Restated 2000 Incentive Stock Ownership Plan by Mr. Branca's spouse Dawn Marie Branca, for which Mr. Branca disclaims voting power and beneficial ownership. The exercise price represents 200 options granted on 7/14/98 at $8.00 per share (adjusted for all splits) and 200 options granted on 6/8/99 at $6.375 per share (adjusted for all splits). Mr. Branca disclaims voting power and beneficial ownership over his spouse's shares. Raffaele M. Branca 2004-09-13