UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 5 TO
SCHEDULE 13G
FOR THE YEAR ENDED DECEMBER 31, 1998
------------------------------------
Under the Securities Exchange Act of 1934
STATE BANCORP, INC.
------------------
(Name of Issuer)
COMMON STOCK
----------------------------
(Title of Class of Securities)
855716 - 10 - 6
---------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ](A fee is
not required only if the filing person:(1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securites described in item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Page 1 of 4 pages
<PAGE>
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CUSIP NO. 855716 - 10 - 6 13 G PAGE 1 OF 1 PAGE
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
STATE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
11 - 3223168
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) _____
(b) _____
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW HYDE PARK, N.Y.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
592,201
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OWNED BY 7 SOLE DISPOSITIVE POWER
EACH REPORTING 592,201
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8 SHARED DISPOSITIVE POWER
PERSON WITH
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
592,201
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
X
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.00%
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12 TYPE OF REPORTING PERSON
EP
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Page 2 of 4 pages
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SCHEDULE 13G
- ----------------
Item 1.
(a) Name of Issuer - State Bancorp, Inc.
(b) Address of Issuer's Principal Executive Offices - 699 Hillside Avenue,
New Hyde Park, N.Y. 11040
Item 2.
(a) Name of Person Filing - State Bancorp, Inc. Employee Stock Ownership
Plan
(b) Address of Principal Business Office - 699 Hillside Avenue,
New Hyde Park, N.Y
(c) Place of Organization - New York State
(d) Title of Class of Securities - Common Stock
(e) CUSIP Number - 855716-10-6
Item 3. - If this statement is filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person filing is a:
(f) X Employee Benefit Plan, Pension Fund which is subject
----------------- to the provisions of the Employment Income Security
Act of 1974 or Endowment Fund
Item 4. - Ownership
(a) Amount Beneficially Owned - 592,201 shares
(b) Percent of Class - 9.00%
(c) (i) sole power to vote or direct the vote - 0 shares
(c) (ii) shared power to vote or direct the vote - 592,201 shares
(c) (iii) sole power to dispose or to direct the disposition
of - 592,201 shares
(c) (iv) shared power to dispose or to direct the disposition of - 0 shares
Item 5.
DOES NOT APPLY
Item 6.
DOES NOT APPLY
Page 3 of 4 pages
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SCHEDULE 13G
- --------------
Item 7.
DOES NOT APPLY
Item 8.
DOES NOT APPLY
Item 9.
DOES NOT APPLY
Item 10. - Certification
By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
JANUARY 15, 1999
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DATE
s/THOMAS F. GOLDRICK
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SIGNATURE
THOMAS F. GOLDRICK, CHAIRMAN & CEO
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NAME / TITLE
Page 4 of 4 pages
