X0303 4 2010-03-23 0 0000723458 STATE BANCORP INC stbc 0001381048 OBrien Thomas M C/O STATE BANK OF LONG ISLAND 2 JERICHO PLAZA JERICHO NY 11753 1 1 0 0 President & CEO State Bancorp, Inc. Common Stock 2010-03-23 4 A 0 27777 8.1 A 313531 D State Bancorp, Inc. Common Stock 2010-03-12 4 A 0 908.3675 0 A 3163.0983 I Through ESOP State Bancorp, Inc. Common Stock 155.9418 D Non-qualified stock option 17.84 2006-11-06 2016-11-06 STBC Common Stock 164745 164745 D Shares awarded to Mr. O'Brien as a cash equivalent incentive in settlement of his 2009 target incentive provided in Mr. O'Brien's Employment Agreement. The grant date fair market value of the award is $8.10 per share for a total of $225,000. The shares subject to this award are 100% vested on the date of grant. Total includes 10,061 shares acquired as restricted stock granted to Mr. O'Brien as part of his 2007 Incentive Compensation Package. Shares vest over a five year period; one-third to vest after the expiration of year three; one-third to vest after expiration of year four; and the remainder to vest after the expiration of year five. To date, zero shares have vested. Total also includes 83,612 shares of restricted stock granted in consideration for the reporting person's acceptance of employment with the issuer and execution of an Amended and Restated Employment Agreement dated December 10, 2007. The restricted shares vest in 20 equal quarterly installments commencing with the end of the first quarter in which employment commences subject to acceleration upon death, disability and termination without cause or termination by the reporting person with good reason. To date, 54,353 shares have vested. Shares credited to Mr. O'Brien under the State Bank of Long Island Employee Stock Ownership Plan. Through Company 401 (K) Matching Program. These options are subject to a five year vesting schedule (20% the first year and 20% each of the following four years). To date, 98,847 shares have vested. Thomas M. O'Brien 2010-03-24