Sec Form 4 Filing - PARDES ROBERT M @ OCEANFIRST FINANCIAL CORP - 2007-08-06

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 PARDES ROBERT M 2. Issuer Name and Ticker or Trading Symbol OCEANFIRST FINANCIAL CORP [ OCFC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Vice President (Last) (First) (Middle) 975 HOOPER AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 08/06/2007 (Street) TOMS RIVER, NJ08754 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 08/06/2007 M 18,000 A $ 12.873 23,417 D Common Stock 08/06/2007 S( 1 ) 3,600 D $ 14.6 19,817 D Common Stock 08/06/2007 S( 1 ) 2,000 D $ 14.632 17,817 D Common Stock 08/06/2007 S( 1 ) 4,400 D $ 14.663 13,417 D Common Stock 08/06/2007 S( 1 ) 5,000 D $ 14.673 8,417 D Common Stock 08/06/2007 S( 1 ) 2,000 D $ 14.75 6,417 D Common Stock 08/07/2007 S( 1 ) 300 D $ 14.6 6,117 D Common Stock 08/07/2007 S( 1 ) 200 D $ 14.6 5,917 D Common Stock 08/07/2007 S( 1 ) 500 D $ 14.64 5,417 D Common Stock 1,303 I By Award Common Stock 6,295 I By SERP Common Stock 3,866 I By 401(k) Common Stock 13,832 I By Esop

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) $ 12.873 08/06/2007 M 18,000 08/18/2001 08/18/2010 Common Stock 18,000 $ 0 0 D Stock Option (Right to Buy) $ 23.475 02/15/2007 02/15/2016 Common Stock 30,000 30,000 D Stock Option (Right to Buy) $ 22.525 05/28/2005 05/28/2014 Common Stock 30,000 30,000 D Stock Option (Right to Buy) $ 20.795 04/20/2006 04/20/2015 Common Stock 1,098 1,098 D Stock Option (Right to Buy) $ 23.44 05/30/2004 05/30/2013 Common Stock 33,000 33,000 D Stock Option (Right to Buy) $ 17.88 02/20/2003 02/20/2012 Common Stock 33,000 33,000 D Stock Option (Right to Buy) $ 23.07 01/19/2006 01/19/2015 Common Stock 990 990 D Stock Option (Right to Buy) $ 22.17 02/21/2008 02/21/2017 Common Stock 20,250 20,250 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PARDES ROBERT M 975 HOOPER AVENUE TOMS RIVER, NJ08754 Executive Vice President Signatures /s/ John K. Kelly, Power of Attorney 08/08/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The sale ( or purchase) of shares is matachable with an earlier purchase (or sale) under Section 16(b) of the Exchange Act; however, no short swing profits were realized.

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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