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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(h) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
O'Donovan, James J.
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(Last) (First) (Middle)
615 Merrick Avenue
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(Street)
Westbury, NY 11590
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol New York Community Bancorp, Inc.
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(NYB)
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Day/Year 04/30/2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director X Officer ___ 10% Owner Other
---- ---- (give title below) ---- (specify below)
Executive Vice President
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7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title 2. Trans- 2A. 3. Trans- 4. Securities Acquired (A) 5. Amount of 6.Owner- 7. Nature
of action Deemed action or Disposed of (D) Securities ship of In-
Security Date Execution Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (mm/dd/ Date, if (Instr. 8) Owned Direct Bene-
yy) any ----------------------------------------------- Following (D)or ficial
(mm/dd/yy) Reported Indirect Owner-
Code V Amount (A) or Price Transaction(s) (I) ship
(D) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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Common Stock 04/30/2003 M 50,000 A $22.230 D
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Common Stock 04/30/2003 F 32,065 D $34.665 337,620 D(1)
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Common Stock 47,671 I By 401(k)(2)
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Common Stock 2,992 I By Custodian
For Grandson
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Common Stock 134,656 I By ESOP
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Common Stock 25,000 I By O'Donovan
Family Trust
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Common Stock 80,550 I By SERP(3)
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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).
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB Number.
(Over)
SEC 1474(9-02)
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FORM 4 (continued) O'Donovan, James J.- 04/30/2003
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TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 3A. Deemed 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action Execution tion Code ative Securities
Exercise Date Date, if (Instr. 8) Acquired (A) or
Price of (Month/ any Disposed of (D)
Deriv- Day/ (Month/ (Instr. 3, 4, and 5)
ative Year) Day/
Security Year)
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Code V (A) (D)
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Non-Qualified Stock $22.230 04/30/2003 M 50,000
Option (right to buy)
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Non-Qualified Stock $27.405
Option (right to buy)
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Non-Qualified Stock $24.610
Option (right to buy)
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Non-Qualified Stock $28.540
Option (right to buy)
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TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number of 10. Owner- 11. Na-
cisable and Underlying Securities of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Security: ficial
(Instr. ficially Direct Owner-
-------------------------------------------------- 5) Owned (D) or ship
Date Expira- Amount or Following Indirect (I) (Instr.
Exer- tion Title Number of Reported (Instr. 4) 4)
cisable Date Shares Transaction(s)
(Instr. 4)
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12/21/2002 12/21/2011 Common Stock 50,000 100,000 D
(4)
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07/24/2002 01/24/2012 Common Stock 303,750 303,750 D
(5)
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07/24/2003 07/24/2012 Common Stock 150,000 150,000 D
(6)
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01/21/2004 01/21/2013 Common Stock 210,000 210,000 D
(7)
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Explanation of Responses:
SEE ATTACHED STATEMENT
/s/ Ilene A. Angarola 05/01/2003
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**Signature of Reporting Person Date
By: Ilene A. Angarola, Power of Attorney
For: James J. O'Donovan
** Intentional misstatements or ommissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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New York Community Bancorp, Inc. (NYB)
O'Donovan, James J. Form 4 - 04/30/2003
615 Merrick Avenue
Westbury, New York 11590
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Explanation of responses:
(1) Of the shares held directly, 22,709 are held jointly with Mr. O'Donovan's
wife and 757 are held jointly with Mr. O'Donovan's daughter.
(2) The shares previously reported as being held in a "401(a)" account are now
held in a "401(k)" account.
(3) Shares held in trust under the New York Community Bank Supplemental
Benefits Plan ("SERP").
(4) Options granted under the New York Community Bancorp, Inc. 1997 Stock
Option Plan that vest in three equal annual installments beginning on
December 21, 2002.
(5) Options automatically granted pursuant to the reload feature of the New
York Community Bancorp, Inc. 1997 Stock Option Plan that were exercisable
beginning on July 24, 2002.
(6) Options granted pursuant to the New York Community Bancorp, Inc. 1997
Stock Option Plan vest in threee equal annual installments commencing on
July 24, 2003.
(7) Options granted pursuant to the New York Community Bancorp, Inc. 1997
Stock Option Plan vest in three equal annual installments commencing on
January 21, 2004.
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