X0202 4 2008-03-26 0000824410 SANDY SPRING BANCORP INC SASR 0001238404 CACERES R LOUIS SANDY SPRING BANCORP, INC. 17801 GEORGIA AVENUE OLNEY MD 20832 1 Executive Vice President of Bk Common Stock 2008-03-26 4 A 0 1000 0 A 1000 D Common Stock 572 D Common Stock 1204 I ESPP Common Stock 800 I By Stock Award Stock Options (Right to Buy) 27.96 2008-03-26 4 A 0 5000 0 A 2009-03-26 2015-03-26 Common Stock 5000 5000 D Stock Options (Right to Buy) 37.4 2007-12-13 2013-12-13 Common Stock 5000 5000 D Stock Options (Right to Buy) 17.21 1999-12-15 2009-12-15 Common Stock 2081 2081 D Stock Options (Right to Buy) 31.25 2002-12-11 2012-12-11 Common Stock 4700 4700 D Stock Options (Right to Buy) 38 2004-12-15 2014-12-15 Common Stock 6050 6050 D Stock options granted under the 2005 Omnibus Stock Plan vest in equal annual increments on the first, second, and third anniversary of the grant. Stock options fully vested and exercisable. Restricted stock awarded under the 2005 Omnibus Stock Plan vests in five equal, annual installments on the anniversary dates of the award. /s/ Janet VA Replogle, attorney-in-fact for Mr. Caceres 2008-03-28