SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KUPFERBERG MAX L

(Last)

(First)

(Middle)

615 MERRICK AVENUE

(Street)

WESTBURY

11590

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW YORK COMMUNITY BANCORP INC [ NYB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/15/2010		S⁽¹⁾		32,000	D	$18⁽²⁾	673,260	I	Trustee for KRT
Common Stock	12/16/2010		S⁽³⁾		78,000	D	$18.02⁽⁴⁾	595,260	I	Trustee for KRT
Common Stock								686,334	D
Common Stock								536,377	I	As Partner
Common Stock								705,821	I	As shareholder of the Max K One LLC
Common Stock								182,917	I	By Kupferberg Foundation
Common Stock								53,650	I	By Max Kupferberg 2008 GRAT II
Common Stock								76,200	I	By Max Kupferberg 2009 GRAT
Common Stock								33,700	I	By Max Kupferberg 2009 GRAT II
Common Stock								64,950	I	By Max Kupferberg June 2010 GRAT
Common Stock								53,650	I	By Selma Kupferberg 2008 GRAT II
Common Stock								38,100	I	By Selma Kupferberg 2009 GRAT
Common Stock								33,700	I	By Selma Kupferberg 2009 GRAT II
Common Stock								64,950	I	By Selma Kupferberg June 2010 GRAT
Common Stock								60,989	I	By Spouse
Common Stock								75,538	I	Max & Selma Kupferberg Foundation
Common Stock								7,666	I	Trustee for EW of JK FBO LC
Common Stock								7,666	I	Trustee for EW of JK FBO MK

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$15.4125							07/24/2002⁽⁵⁾	01/24/2012	Common Stock	216,000		216,000	D
Stock Option (right to buy)	$13.845							07/24/2003⁽⁶⁾	07/24/2012	Common Stock	45,333		45,333	D

Explanation of Responses:

1. The shares being sold from the Kepco Inc. 401(k) Savings and Retirement Plan are pursuant to a 10b5-1 Plan that was submitted to, and approved by, the Board of Directors of New York Community Bancorp, Inc. on May 19, 2009. The purpose of this Sales Plan is to achieve the investment objectives of broader diversification of investments, in accordance with the obligations of the Kepco plan administrators.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01, inclusive. The reporting person undertakes to provide to New York Community Bancorp, Inc., any security holder of New York Community Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.

3. The shares being sold from the Kepco Inc. 401(k) Savings and Retirement Plan are pursuant to a 10b5-1 Plan that was submitted to, and approved by, the Board of Directors of New York Community Bancorp, Inc. on May 19, 2009. The purpose of this Sales Plan is to achieve the investment objectives of broader diversification of investments, in accordance with the obligations of the Kepco plan administrators. No additional shares are covered by the 10b5-1 Plan.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.09, inclusive. The reporting person undertakes to provide to New York Community Bancorp, Inc., any security holder of New York Community Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.

5. Stock Options automatically granted pursuant to the reload feature of the New York Community Bancorp, Inc. 1997 Stock Option Plan that were exercisable on July 24, 2002.

6. Stock Options granted pursuant to the New York Community Bancorp, Inc. 1997 Stock Option Plan vest in equal installments beginning on July 24, 2003 and were fully vested and exercisable as of July 24, 2005.

	/s/ Ilene A. Angarola, Power of Attorney	12/17/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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