Sec Form 4 Filing - MESS CHARLES F @ SANDY SPRING BANCORP INC - 2008-06-06

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
MESS CHARLES F
2. Issuer Name and Ticker or Trading Symbol
SANDY SPRING BANCORP INC [ SASR]
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)
SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
06/06/2008
(Street)
OLNEY, MD20832
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 06/06/2008 P 500 A $ 23.91 14,511.318 D
Common Stock 975 I Self Dir Pension Pl
Common Stock 215 I ( 1 ) By stock award
Common Stock 280 I ( 2 ) Restricted Stock Award
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. Natu re of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 37.4 12/13/2007( 4 ) 12/13/2013 Common Stock 1,251 1,251 D
Stock Options (Right to Buy) $ 32.25 12/21/2001( 5 ) 12/21/2011 Common Stock 704 704 D
Stock Options (Right to Buy) $ 38.13 12/14/2005( 5 ) 12/14/2012 Common Stock 1,617 1,617 D
Stock Options (Right to Buy) $ 31.25 12/11/2002( 5 ) 12/11/2012 Common Stock 756 756 D
Stock Options (Right to Buy) $ 38.91 12/17/2003( 5 ) 12/17/2013 Common Stock 1,103 1,103 D
Stock Options (Right to Buy) $ 14.54 12/13/2000( 5 ) 12/13/2010 Common Stock 1,082 1,082 D
Stock Options (Right to Buy) $ 27.96 03/26/2009( 3 ) 03/26/2015 Common Stock 1,260 1,260 D
Stock Options (Right to Buy) $ 38 12/15/2004( 5 ) 12/15/2014 Common Stock 1,299 1,299 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MESS CHARLES F
SANDY SPRING BANCORP, INC.
17801 GEORGIA AVENUE
OLNEY, MD20832
X
Signatures
/s/ Charles F. Mess, M.D. 09/18/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted stock awarded under the 2005 Omnibus Stock Plan vests in five equal, annual installments beginning on December 13, 2007.
( 2 )Restricted stock awarded under 2005 Omnibus Stock Plan vests in five equal, annual installments beginning on March 26, 2009.
( 3 )Stock options granted under the 2005 Omnibus Stock Plan vest in equal annual increments on the first, second, and third anniversary of the grant.
( 4 )Stock Options granted pursuant to the Sandy Spring Bancorp, Inc. 2005 Omnibus Stock Plan vest in three annual installments commencing on December 13, 2007.
( 5 )Stock Options are fully vested and exercisable.

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).
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