As filed with the Securities and
Exchange Commission on November 30,
2010
Registration
No.
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
S-8
REGISTRATION
STATEMENT
under
THE
SECURITIES ACT OF 1933
Astoria
Financial Corporation
(Exact
name of registrant as specified in its charter)
Delaware
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11-3170868
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(State
or other jurisdiction of incorporation or organization
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(I.R.S.
Employer Identification No.)
|
One
Astoria Federal Plaza
Lake
Success, New York 11042-1085
(516)
327-3000
(Address,
Including Zip Code, of principal executive offices)
Astoria
Financial Corporation
2007
Non-Employee Directors Stock Plan
(Full
title of the Plan)
Mr.
George L. Engelke, Jr.
Chairman
and Chief Executive Officer
Astoria
Financial Corporation
One
Astoria Federal Plaza
Lake
Success, New York 11042-1085
(516)
327-3000
Copy
to:
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Alan
P. Eggleston, Esq.
|
W.
Edward Bright, Esq.
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Executive
Vice President, Secretary andGeneral Counsel
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Arnold
& Porter LLP
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Astoria
Financial Corporation
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399
Park Avenue
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One
Astoria Federal Plaza
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New
York, NY 10022
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Lake
Success, New York 11042-1085
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|
(516)
327-3000
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(Name and
address, including Zip Code, telephone number and area code, of agent for
service)
CALCULATION
OF REGISTRATION FEE
Title of Securities to be
Registered
|
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Amount to be Registered
(1)
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Proposed Maximum
Offering
Price Per Share (2)
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Proposed Maximum
Aggregate Offering
Price (2)
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Amount of
Registration Fee
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Common
Stock, $0.01 par value
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150,000
shares
|
|
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12.20
|
|
|
$
|
1,830,000
|
|
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$
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130.48
|
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(1)
|
Based
on the number of shares of common stock of Astoria Financial Corporation
(the "Company") authorized for awards made after May 19, 2009 pursuant to
the 2007 Non-Employee Directors Stock Plan. This registration statement
also covers an undetermined number of shares of common stock of the
Company that, by reason of certain events specified in the Plan, may
become issuable in respect of awards through the application of certain
anti-dilution provisions.
|
(2)
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(Estimated
solely for the purpose of calculating the registration fee in accordance
with Rule 457 of the Securities Act of 1933, aced on the average of the
daily high and low sales prices of common stock of the Company on the New
York Stock Exchange at the close of trading as of November 23,
2010.
|
PART
I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item
1.
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Plan
Information.
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Not
required to be filed with the Securities and Exchange Commission (the
“commission”) pursuant to the Note to Part I of Form S-8.
Item
2.
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Registrant
Information and Employee Plan Annual
Information.
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Not
required to be filed with the Commission pursuant to the Note to Part I of Form
S-8.
The
documents containing the information specified in this Part I will be sent or
given to employees as specified by Rule 428(b)(1) of the Securities Act of 1933
("Securities Act"). Such documents need not be filed with the Commission either
as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424 of the Securities Act.
These
documents and the documents incorporated by reference in this registration
statement pursuant to Item 3 of Part II of this form, taken together, constitute
a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
PART
II
Item
3.
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Incorporation
of Documents by Reference.
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The
following documents which have been filed with the Commission by the Registrant,
are incorporated by reference:
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(1)
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The
description of Registrant's Common Stock contained in Registrant's
Registrar on Statement on Form 8-A, dated April 24,
2002;
|
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(2)
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Registrant's
Annual Report on Form 10-K for the fiscal year ended December 31,
2009;
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(3)
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Registrant’s
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June
30, 2010 and September 30, 2010;
and
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(4)
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the
Registrant’s Proxy Statement for its Annual Meeting of Shareholders held
on May 16, 2007, filed by the Registrant pursuant to Section 14 of the
Securities Exchange Act of 1934 (“Exchange
Act”).
|
All
documents subsequently filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all Common Stock offered hereby has been sold or
which deregisters all Common Stock then remaining unsold, shall be deemed to be
incorporated by reference into this registration statement and to be a part
hereof from the date of filing of such documents. Any statement contained herein
or in a document incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained herein or in any document
which is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
registration statement.
Item
4.
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Description
of Securities.
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Not
applicable.
Not
applicable.
Item.
6.
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Indemnification
of Directors and Officers.
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Section
145 of the Delaware General Corporation Law ("DGCL"), inter alia, empowers a
Delaware corporation to indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding (other than an action by or in the right of the corporation)
by reason of the fact that such person is or was a director, officer, employee
or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by him or her in connection with such action,
suit or proceeding, if he or she acted in good faith and in a manner he or she
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his or her conduct was unlawful.
Similar
indemnity is authorized for such person against expenses (including attorneys'
fees) actually and reasonably incurred in connection with the defense or
settlement of any threatened, pending or completed action or suit by or in the
right of the corporation to procure a judgment in its favor if such person acted
in good faith and in a manner he or she reasonably believed to be in or not
opposed to the best interests of the corporation, provided that (unless a court
of competent jurisdiction otherwise provides) such person shall not have been
adjudged to be liable to the corporation.
Any such
indemnification (unless ordered by a court) may be made only as authorized in
each specific case upon a determination by the corporation that indemnification
is proper because the indemnitee has met the applicable standard of
conduct. Such determination must be made, with respect to a person who is
a director or officer of the corporation at the time of such determination, (1)
by a majority vote of the disinterested directors, or (2) by a committee of such
directors designated by majority vote of such directors, or (3) by independent
legal counsel in a written opinion, or (4) by the stockholders.
Section
145 further authorizes a corporation to purchase and maintain insurance on
behalf of any person who is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against any liability asserted against him
or her and incurred by him or her in any such capacity, or arising out of his or
her status as such, whether or not the corporation would otherwise have the
power to indemnify him or her under Section 145.
Article X
of the Registrant’s Certificate of Incorporation requires that the Registrant,
among other things, indemnify, to the fullest extent authorized by the DGCL, any
person who was or is made a party or is threatened to be made a party to or is
otherwise involved in any action, suit or proceeding by reason of the fact that
he or she is or was a director or an officer of the Registrant or is or was
serving at the request of the Registrant as a director, officer, employee or
agent of another corporation or of a partnership, joint venture, trust or other
enterprise, whether the basis of such proceeding is alleged action in an
official capacity as a director, officer, employee or agent or in any other
capacity while serving as a director, officer, employee or agent, against all
expense, liability and loss (including attorneys’ fees, judgments, fines, ERISA
excise taxes or penalties and amounts paid in settlement) reasonably incurred or
suffered by such person in connection with such action, suit or proceeding
provided, however, that, the Registration is only required to indemnify any such
person in connection with a proceeding (or part thereof) initiated by such
person only if such proceeding (or part thereof) was authorized by the Board of
Directors of the Registrant. This right to indemnification provided by Article X
also includes the right to the advancement of expenses in advance of the final
disposition of any such action, suit or proceeding.
Article X
also empowers the Registrant to purchase and maintain insurance, at its expense,
to protect itself and any director, officer, employee or agent of the Registrant
or another corporation, partnership, joint venture, trust or other enterprise
against any expense, liability or loss, regardless of whether or not the
Registrant would have the power to indemnify such person against such expense,
liability or loss under the DGCL. The Registrant may also, to the extent from
time to time authorized by its Board of Directors, grant rights to
indemnification and to the advancement of expenses to its employees or agents to
the fullest extent permitted by the provisions of Article X with respect to the
indemnification of and advancement of expenses to directors and
officers.
Article
XI of the Registrant’s Certificate of Incorporation provides that a director
shall not be personally liable to the Registrant or its stockholders for
monetary damages for breach of fiduciary duty as a director, except for
liability (i) for any breach of the director’s duty of loyalty to the Registrant
or its stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or a knowing violation of law, (iii) under
Section 174 of the DGCL, or (iv) for any transaction from which the director
derived an improper personal benefit. If the DGCL is amended to authorize
corporate action further eliminating or limiting the personal liability of
directors, then the liability of a director of the Registrant shall be
eliminated or limited to the fullest extent permitted by the DGCL, as so
amended.
In
addition, the Registrant maintains a directors' and officers' liability
policy.
Item.
7.
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Exemption
from Registration Claimed.
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Not
applicable.
4.1 Astoria
Financial Corporation 2007 Non-Employee Directors Stock Plan, filed as Exhibit B
to Registrant’s Proxy Statement for its Annual Meeting of Shareholders held on
May 16, 2007, filed by the Registrant pursuant to Section 14 of the Exchange
Act, File No. 001-11967.
4.2 Amendment
No. 01 to Astoria Financial Corporation 2007 Non-Employer Directors Stock Plan,
incorporated by reference to Exhibit A to Registrant’s Proxy Statement for its
Annual Meeting of Shareholders held on May 19, 2010, filed by Registrant
pursuant to Section 14 of the Exchange Act, File No. 001-11967.
4.3 Amendment
No. 02 to Astoria Financial Corporation 2007 Non-Employee Directors Stock
Plan.
4.4 Form
of Restricted Stock Award Notice under the 2007 Non-Employee Directors Stock
Plan filed as Exhibit 4.2 to its Registration Statement on Form S-8 filed by
Registrant on November 21, 2007, File No. 333-147580.
4.5 Certificate
of Incorporation of Astoria Financial Corporation, incorporated by reference to
(i) Astoria Financial Corporation’s Quarterly Report on Form 10-Q/A for the
quarter ended June 30, 1998, filed with the Securities and Exchange Commission
on September 10, 1998 (File Number 000-22228), (ii) Astoria Financial
Corporation’s Current Report on Form 8-K, dated September 6, 2006, filed with
the Securities and Exchange Commission on September 11, 2006 (File Number
001-11967) and (iii) Astoria Financial Corporation’s Current Report on Form 8-K,
dated September 20, 2006, filed with the Securities and Exchange Commission on
September 22, 2006 (File Number 001-11967).
4.6 Bylaws
of Astoria Financial Corporation, incorporated by reference to Astoria Financial
Corporation’s Current Report on Form 8-K, dated March 19, 2008, filed with the
Securities and Exchange Commission on March 20, 2008 (File No.
001-11967).
5
Opinion of Arnold
& Porter LLP, special counsel for Registrant, as to the legality of the
securities being registered.
23.1 Consent
of Arnold & Porter LLP (included in Exhibit 5 hereof).
23.2 Consent
of KPMG LLP.
A.
Rule 415 offering.
The undersigned Registrant hereby undertakes:
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(1)
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To
file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration
Statement:
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(i)
To
include any prospectus required by Section 10(a)(3) of the Securities
Act;
(ii)
To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement; and
(iii)
To
include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to
such information in the registration statement;
Provided, however
, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement
is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange
Act that are incorporated by reference in the registration
statement.
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(2)
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That,
for the purpose of determining liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide
offering thereof.
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(3)
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To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
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(4)
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That,
for the purpose of determining liability of the Registrant under the
Securities Act to any purchaser in the initial distribution of the
securities:
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The
Registrant undertakes that in a primary offering of securities of the Registrant
pursuant to this registration statement, regardless of the underwriting methods
used to sell the securities to the purchaser, if the securities are offered or
sold to such purchaser by means of any of the following communications, the
Registrant will be a seller to the purchaser and will be considered to offer or
sell such securities to such purchaser:
(i)
Any
preliminary prospectus or prospectus of the Registrant relating to the offering
required to be filed pursuant to Rule 424;
(ii)
Any
free writing prospectus relating to the offering prepared by or on behalf of the
Registrant or used or referred to by the Registrant;
(iii)
The
portion of any other free writing prospectus relating to the offering containing
material information about the Registrant or its securities provided by or on
behalf of the Registrant; and
(iv)
Any
other communication that is an offer in the offering made by the Registrant to
the purchaser.
B.
Filings incorporating
subsequent Exchange Act documents by reference
. The undersigned
Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant’s annual report pursuant
to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan’s annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
C.
Incorporated annual and
quarterly reports
. The undersigned Registrant hereby undertakes to
deliver or cause to be delivered with the prospectus, to each person to whom the
prospectus is sent or given, the latest annual report to security holders that
is incorporated by reference in the prospectus and furnished pursuant to and
meeting the requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act;
and, where interim financial information required to be presented by Article 3
of Regulation S-X is not set forth in the prospectus, to deliver, or cause to be
delivered to each person to whom the prospectus is sent or given, the latest
quarterly report that is specifically incorporated by reference in the
prospectus to provide such interim financial information.
D.
Filing of registration on
Form S-8
. Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant for expenses
incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the Village of
Lake Success, State of New York, on November 30 2010.
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Astoria
Financial Corporation
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By:
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/s/
George L. Engelke, Jr.
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George
L. Engelke, Jr.
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Chairman
and Chief Executive Officer
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Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities and on the dates
indicated.
Name
|
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Title
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Date
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/s/ George L. Engelke, Jr.
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Chairman,
Chief Executive Officer
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November
30, 2010
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George
L. Engelke, Jr.
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and
Director
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/s/ Gerard C. Keegan
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Vice
Chairman, Chief
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November
30, 2010
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Gerard
C. Keegan
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Administrative
Officer and Director
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/s/ Frank E. Fusco
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Executive
Vice President, Treasurer
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November
30, 2010
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Frank
E. Fusco
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and
Chief Financial Officer
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/s/ John R. Chrin
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Director
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November
30, 2010
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John
R. Chrin
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Director
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November
______, 2010
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John
J. Conefry, Jr.
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/s/ Denis J. Connors
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Director
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November
30, 2010
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Denis
J. Connors
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/s/ Peter C. Haeffner, Jr.
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Director
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November
30, 2010
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Peter
C. Haeffner, Jr.
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/s/ Brian M. Leeney
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Director
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November
30, 2010
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Brian
M. Leeny
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/s/ Ralph F. Palleschi
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Director
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November
30, 2010
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Ralph
F. Palleschi
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/s/ Thomas V. Powderly
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Director
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November
30, 2010
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Thomas
V. Powderly
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EXHIBIT
INDEX
Description
4.1 Astoria
Financial Corporation 2007 Non-Employee Directors Stock Plan filed as Exhibit B
to Registrant’s Proxy Statement for its Annual Meeting of Shareholders held on
May 16, 2007, filed by the Registrant pursuant to Section 14 of the Exchange
Act, File No. 001-11967.
4.2 Amendment
No. 01 to Astoria Financial Corporation 2007 Non-Employer Directors Stock Plan,
incorporated by reference to Exhibit A to Registrant’s Proxy Statement for its
Annual Meeting of Shareholders held on May 19, 2010, filed by Registrant
pursuant to Section 14 of the Exchange Act, File No. 001-11967.
4.3 Amendment
No. 02 to Astoria Financial Corporation 2007 Non-Employee Directors Stock
Plan.
4.4 Form
of Restricted Stock Award Notice under the 2007 Non-Employee Directors Stock
Plan filed as Exhibit 4.2 to the Registration Statement on Form S-8 filed by the
Registrant on November 21, 2007, File No. 333-147580.
4.5 Certificate
of Incorporation of Astoria Financial Corporation, incorporated by reference to
(i) Astoria Financial Corporation’s Quarterly Report on Form 10-Q/A for the
quarter ended June 30, 1998, filed with the Securities and Exchange Commission
on September 10, 1998 (File Number 000-22228), (ii) Astoria Financial
Corporation’s Current Report on Form 8-K, dated September 6, 2006, filed with
the Securities and Exchange Commission on September 11, 2006 (File Number
001-11967) and (iii) Astoria Financial Corporation’s Current Report on Form 8-K,
dated September 20, 2006, filed with the Securities and Exchange Commission on
September 22, 2006 (File Number 001-11967).
4.6 Bylaws
of Astoria Financial Corporation, incorporated by reference to Astoria Financial
Corporation’s Current Report on Form 8-K, dated March 19, 2008, filed with the
Securities and Exchange Commission on March 20, 2008 (File No.
001-11967).
5
Opinion of Arnold &
Porter LLP, special counsel for Registrant, as to the legality of the securities
being registered.
23.1
Consent of Arnold & Porter LLP (included
in Exhibit 5 hereof).
23.2 Consent
of KPMG LLP.
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