Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
IANTOSCA JOSEPH R
 2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [OCFC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
OceanFirst Bank Officer
(Last)
(First)
(Middle)

975 HOOPER AVENUE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
(Street)


TOMS RIVER, NJ 08754		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 12/20/2010   G 120 D $ 0 3,106 D  
Common Stock             4,462 I By 401(k) (1)
Common Stock             6,127 I BY ESOP (1)
Common Stock             700 I By IRA
Common Stock             1,246 I By Matching ESOP (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 25.165           02/17/2005 02/17/2015 Common Stock
1,250
  1,250
D
 
Stock Option (Right to Buy) $ 22.525           05/28/2005 05/28/2014 Common Stock
10,000
  10,000
D
 
Stock Option (Right to Buy) $ 23.07           01/19/2006 01/19/2015 Common Stock
554
  554
D
 
Stock Option (Right to Buy) $ 10.11           02/11/2011 02/11/2020 Common Stock
9,925
  9,925
D (3)
 
Stock Option (Right to Buy) $ 12.28           02/18/2010 02/18/2019 Common Stock
7,088
  7,088
D
 
Stock Option (Right to Buy) $ 16.81           02/20/2009 02/20/2018 Common Stock
7,088
  7,088
D
 
Stock Option (Right to Buy) $ 20.25           03/02/2008 03/02/2017 Common Stock
6,750
  6,750
D
 
Stock Option (Right to Buy) $ 23.475           02/15/2007 02/15/2016 Common Stock
10,000
  10,000
D
 
Stock Option (Right to Buy) $ 20.795           04/20/2006 04/20/2015 Common Stock
614
  614
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
IANTOSCA JOSEPH R
975 HOOPER AVENUE
TOMS RIVER, NJ 08754		       OceanFirst Bank Officer

Signatures

/s/ Steven J. Tsimbinos, Power of Attorney 02/10/2011
**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) This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
(2) Represents shares acquired under the OceanFirst Bank Matching Contribution Employee Stock Ownership Plan established as part of a spin-off from the OceanFirst Employee Stock Ownership Plan effective December 27, 2006.
(3) Options awarded under the OceanFirst Financial Corp. 2006 Stock Incentive Plan vest in five equal annual installments beginning on February 17, 2011.

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