State Bancorp Inc – Credit Agreements Watch

from 10-K 1 page On December 31, 2009, You Were Granted a $ 40,000 Restricted Stock Award. the Award Was Converted to 5517 Shares of Stock, Based on a Closing Stock Price of $7.25 as of December 30, 2009. Your Vesting Schedule Reflects That You Received Credit for Six Months. You Will Vest One Third on March 25, 2012, One Third on March 25, 2013 and the Remainder to Vest on March 25, 2014. Enclosed Is a Duly Executed Copy of the Restricted Stock Award Agreement

from 10-K 1 page On December 31, 2009, You Were Granted a $ 50,000 Restricted Stock Award. the Award Was Converted to 6896 Shares of Stock, Based on a Closing Stock Price of $7.25 as of December 30, 2009. Your Vesting Schedule Reflects That You Received Credit for Six Months. You Will Vest One Third on March 25, 2012, One Third on March 25, 2013 and the Remainder to Vest on March 25, 2014. Enclosed Is a Duly Executed Copy of the Restricted Stock Award Agreement