Sec Form 4 Filing - ALBERT JULES G JR @ STATE INVESTORS BANCORP, INC. - 2014-03-28

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ALBERT JULES G JR
2. Issuer Name and Ticker or Trading Symbol
STATE INVESTORS BANCORP, INC. [ SIBC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O STATE INVESTORS BANCORP, INC., 1041 VETERANS BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
03/28/2014
(Street)
METAIRIE, LA70005
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 03/28/2014 P 29 A $ 15.5 11,730 ( 1 ) D
Common Stock 03/31/2014 P 171 A $ 15.5 11,901 ( 1 ) D
Common Stock 7,032 I By IRA
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 11.82 ( 2 ) 01/24/2022 Common Stock 7,274 7,274 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ALBERT JULES G JR
C/O STATE INVESTORS BANCORP, INC.
1041 VETERANS BOULEVARD
METAIRIE, LA70005
X
Signatures
/s/ Larry Caldwell, by P.O.A. for Jules G. Albert, Jr. 04/09/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 1,397 shares held in the 2012 Recognition and Retention Plan Trust that reflect the unvested portion of a grant award originally covering 2,327 shares which commenced vesting ratably over five years at 20% per year on January 24, 2013.
( 2 )The options are vesting ratably over five years at 20% per year commencing on January 24, 2013.

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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