X0202 4 2006-05-31 0 0000897861 FIRST STATE BANCORPORATION fsnm 0000937386 STANFORD MICHAEL R 7900 JEFFERSON, NE ALBUQUERQUE NM 87190 1 1 0 0 President and CEO Common Stock 2006-05-31 4 S 0 3000 23.295 D 130808 I Stanford Family Limited Partnership Includes 16,866 shares held in Mr. Stanford's 401(k) plan. A portion of Mr. Stanford's shares are held directly by him. The remaining shares are held indirectly by the Stanford Family Limited Partnership of which Mr. Stanford is one of the controlling partners. Michael R. Stanford 2006-06-01