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 OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GREENBERG ARNOLD K
2. Issuer Name and Ticker or Trading Symbol

ASTORIA FINANCIAL CORP [ AF ]
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)

ONE ASTORIA FEDERAL PLAZA
3. Date of Earliest Transaction (MM/DD/YYYY)

4/28/2010
(Street)

LAKE SUCCESS, NY 11042
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   4/28/2010     S    3000   D $16.51   295230.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.55   292230.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.56   289230.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.57   286230.31   D   (1)  
Common Stock   4/28/2010     S    2500   D $16.58   283730.31   D   (1)  
Common Stock   4/28/2010     S    6000   D $16.6   277730.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.61   274730.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.64   271730.31   D   (1)  
Common Stock   4/28/2010     S    6000   D $16.65   265730.31   D   (1)  
Common Stock   4/28/2010     S    3000   D $16.6601   262730.31   D   (1)  
Common Stock   4/28/2010     S    2500   D $16.67   260230.31   D   (1)  
Common Stock   4/28/2010     S    2500   D $16.73   257730.31   D   (1)  
Common Stock                  872.98   I   (2) IRA Spouse  
Common Stock                  60000   I   (3) Spouse  
Common Stock                  44111.53   I   (4) ESOP  
Common Stock                  67515.77   I   (5) 401(k)  
Common Stock                  16600   I   (6) RSA  
Common Stock                  6120   I   (7) RSA  
Common Stock                  32580   I   (8) RSA  
Common Stock                  26850   I   (9) RSA  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Incentive Stock Option   (10) $16.5625                    1/10/2004   12/19/2010   Common Stock   6036     6036   D    
Non-Statutory Stock Option   (10) $16.5625                    1/10/2004   12/19/2010   Common Stock   98964     98964   D    
Incentive Stock Option   (10) $16.8333                    1/10/2005   12/18/2011   Common Stock   5940     5940   D    
Non-Statutory Stock Option   (10) $16.8333                    1/10/2005   12/18/2011   Common Stock   94560     94560   D    
Incentive Stock Option   (10) $18                    1/10/2006   12/17/2012   Common Stock   5554     5554   D    
Non-Statutory Stock Option   (10) $18                    1/10/2006   12/17/2012   Common Stock   124946     124946   D    
Non-Statutory Stock Option   (11) $24.4                    12/22/2005   12/16/2013   Common Stock   4098     4098   D    
Non-Statutory Stock Option   (11) $24.4                    12/22/2005   12/16/2013   Common Stock   90402     90402   D    
Non-Statutory Stock Option   (11) $26.6267                    12/22/2005   12/14/2014   Common Stock   3754     3754   D    
Non-Statutory Stock Option   (11) $26.6267                    12/22/2005   12/14/2014   Common Stock   128246     128246   D    
Non-Statutory Stock Option   (12) $29.02                    1/9/2009   12/20/2012   Common Stock   112700     112700   D    

Explanation of Responses:
( 1)  Includes shares acquired pursuant to the Astoria Financial Corporation Automatic Dividend Reinvestment Stock Purchase Plan which are exempt from the operation of Section 16 of the Securities Exchange Act of 1934 and are beneficially owned directly by Mr. Greenberg.
( 2)  Includes shares acquired pursuant to the Astoria Financial Corporation Automatic Dividend Reinvestment Stock Purchase Plan which are exempt from the operation of Section 16 of the Securities Exchange Act of 1934 and are held in the Individual Retirement Account of Mr. Greenberg's spouse.
( 3)  Shares are held by Mr. Greenberg's spouse.
( 4)  Represents shares allocated to Mr. Greenberg's account under the Astoria Federal Savings and Loan Association Employee Stock Ownership Plan ("ESOP") as of March 31, 2010 and held in the ESOP Trust.
( 5)  Represents shares held in the Employer Stock Fund of the Astoria Incentive Savings Plan ("401(k) Plan") for the account of Mr. Greenberg as of March 31, 2010. Shares are held in the 401(k) Plan Trust.
( 6)  Represents award of restricted stock pursuant to the 2005 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation, or the 2005 Plan. The restricted stock will vest and be distributed effective January 9, 2012 or earlier upon the death, disability or retirement at normal retirement age, on a change of control, or, in the case of the executive officers, pursuant to the terms of their respective employment agreements with the Company, upon the termination of the employment by the Company prior to the end of the term of such employment agreement without cause, as defined therein.
( 7)  Represents award of restricted stock pursuant to the 2005 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation, or the 2005 Plan. The remaining restricted stock will vest over one (1) year and be distributed in accordance with the following vesting schedule: 40% on January 28, 2011 or earlier upon the death, disability or Change in Control (as defined in the 2005 Plan), pursuant to the terms of his respective employment agreements with the Company, upon the termination of employment by the Company prior to the end of the term of such employment agreement without cause, as defined therein.
( 8)  Represents award of restricted stock pursuant to the 2005 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation, or the 2005 Plan. The remaining restricted stock will vest over two (2) years and be distributed in accordance with the following vesting schedule: one-third on December 15, 2010; one-third on December 15, 2011 or earlier upon the death, disability or Change in Control (as defined in the 2005 Plan), or pursuant to the terms of his respective employment agreements with the Company, upon the termination of employment by the Company prior to the end of the term of such employment agreement without cause, as defined therein.
( 9)  Represents award of restricted stock pursuant to the 2005 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation, or the 2005 Plan. The restricted stock will vest over three (3) years and be distributed in accordance with the following vesting schedule: one-third on December 14, 2010; one-third on December 14, 2011; one-third on December 14, 2012; or earlier upon the death, disability or Change in Control (as defined in the 2005 Plan), or pursuant to the terms of his respective employment agreements with the Company, upon the termination of employment by the Company prior to the end of the term of such employment agreement without cause, as defined therein.
( 10)  Options were granted pursuant to the 1999 Stock Option Plan for Officers and Employees of Astoria Financial Corporation, or the 1999 Plan.
( 11)  Options were granted pursuant to the 2003 Stock Option Plan for Officers and Employees of Astoria Financial Corporation, or the 2003 Plan.
( 12)  Options were granted pursuant to the 2005 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation, or the 2005 Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GREENBERG ARNOLD K
ONE ASTORIA FEDERAL PLAZA
LAKE SUCCESS, NY 11042


Executive Vice President

Signatures
Arnold K. Greenberg 4/30/2010
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 control number.
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