-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LxvDKGstYAKXI9Wd5jFItB8ahcpMhJckWc3/xB4mb5wv49SjqrSBVNuE2TxQdiD4
 2jhYP36yfAEbbgp6lVh2Eg==

<SEC-DOCUMENT>0000943374-08-000645.txt : 20080509
<SEC-HEADER>0000943374-08-000645.hdr.sgml : 20080509
<ACCEPTANCE-DATETIME>20080509120600
ACCESSION NUMBER:		0000943374-08-000645
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080508
FILED AS OF DATE:		20080509
DATE AS OF CHANGE:		20080509

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Doyle James J Jr
		CENTRAL INDEX KEY:			0001387238

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33223
		FILM NUMBER:		08816932

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(201) 664-5400

	MAIL ADDRESS:	
		STREET 1:		370 PASCACK ROAD
		CITY:			TOWNSHIP OF WASHINGTON
		STATE:			NJ
		ZIP:			07676

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oritani Financial Corp.
		CENTRAL INDEX KEY:			0001374756
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				223617996
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		370 PASCACK ROAD
		CITY:			TOWNSHIP OF WASHINGTON
		STATE:			NJ
		ZIP:			07676
		BUSINESS PHONE:		(201) 664-5400

	MAIL ADDRESS:	
		STREET 1:		370 PASCACK ROAD
		CITY:			TOWNSHIP OF WASHINGTON
		STATE:			NJ
		ZIP:			07676
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_doyle050908ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-08</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001374756</issuerCik>
        <issuerName>Oritani Financial Corp.</issuerName>
        <issuerTradingSymbol>ORIT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001387238</rptOwnerCik>
            <rptOwnerName>Doyle James J Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>370 PASCACK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TOWNSHIP OF WASHINGTON</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07676</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>2008-05-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11397</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.605</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>89566</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>15.65</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2009-05-05</value>
            </exerciseDate>
            <expirationDate>
                <value>2018-05-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>119223</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>119223</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 51,663 shares of restricted stock that vest at a rate of 20% per year commencing on May 5, 2009.</footnote>
        <footnote id="F2">Represents stock options that vest at a rate of 20% per year commincing on May 5, 2009.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Marc P. Levy, pursuant to power of attorney</signatureName>
        <signatureDate>2008-05-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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