Ownership Submission
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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SMALL FRANK H
  2. Issuer Name and Ticker or Trading Symbol
SANDY SPRING BANCORP INC [SASR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP of Bank
(Last)
(First)
(Middle)
17801 GEORGIE AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2007
(Street)

OLNEY, MD 20832
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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               6,750 D  
Common Stock 07/25/2007   M   3,250 A $ 16.42 10,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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. Nature 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) $ 16.42             12/17/1998(1) 12/17/2007 Common Stock 4,500   4,500 D  
Stock Options (right to buy) $ 16.42 07/25/2007   M     3,250 12/17/1998(1) 12/17/2007 Common Stock 3,250 $ 0 1,250 D  
Stock Options (right to buy) $ 20.33             12/16/1999(1) 12/16/2008 Common Stock 2,250   2,250 D  
Stock Options (right to buy) $ 17.21             12/15/2000(1) 12/15/2009 Common Stock 6,750   6,750 D  
Stock Options (right to buy) $ 14.54             12/13/2001(1) 12/13/2010 Common Stock 12,001   12,001 D  
Stock Options (right to buy) $ 32.25             12/21/2002(1) 12/21/2011 Common Stock 6,400   6,400 D  
Stock Options (right to buy) $ 31.25             12/11/2003(1) 12/11/2012 Common Stock 8,350   8,350 D  
Stock Options (right to buy) $ 38.13             12/14/2006(2) 12/14/2012 Common Stock 11,875   11,875 D  
Stock Options (right to buy) $ 37.4             12/13/2007(3) 12/13/2013 Common Stock 7,000   7,000 D  
Stock Options (right to buy) $ 38.91             12/17/2004(1) 12/17/2013 Common Stock 10,325   10,325 D  
Stock Options (right to buy) $ 38             12/15/2005(1) 12/15/2014 Common Stock 11,250   11,250 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SMALL FRANK H
17801 GEORGIE AVENUE
OLNEY, MD 20832
      EVP of Bank  

Signatures

 /s/ Small, Frank H.   07/25/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Stock Options are fully vested and exercisable.
(2) Stock Options granted pursuant to the Sandy Spring Bancorp, Inc. 2005 Omnibus Stock Plan will be fully vested and exercisable as of December 14, 2007.
(3) Stock Options granted pursuant to the Sandy Spring Bancorp, Inc. 2005 Omnibus Stock Plan vest in three annual installments commencing on December 16, 2007.

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