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

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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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