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 *
HOLLAR HUNTER R
  2. Issuer Name and Ticker or Trading Symbol
SANDY SPRING BANCORP INC [SASR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2008
(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 04/10/2008   D   2,000 D $ 27 27,048 D  
Common Stock               8,072 I In Wife's Rev Trst
Common Stock               907 I 401(k) Plan
Common Stock               2,000 I (1) Restricted Stock Award
Common Stock               2,000 I (2) Restricted Stock Award

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) $ 32.25             12/21/2001(3) 12/21/2011 Common Stock 18,400   18,400 D  
Stock Options (Right to Buy) $ 17.21             12/15/1999(3) 12/15/2009 Common Stock 10,520   10,520 D  
Stock Options (Right to Buy) $ 14.54             12/13/2000(3) 12/13/2010 Common Stock 7,481   7,481 D  
Stock Options (Right to Buy) $ 37.4             12/13/2007(4) 12/13/2013 Common Stock 11,500   11,500 D  
Stock Options (Right to Buy) $ 38.91             12/17/2003(3) 12/17/2013 Common Stock 16,950   16,950 D  
Stock Options (Right to Buy) $ 20.33             12/16/1998(3) 12/16/2008 Common Stock 4,500   4,500 D  
Stock Options (Right to Buy) $ 31.25             12/11/2002(3) 12/11/2012 Common Stock 17,000   17,000 D  
Stock Options (Right to Buy) $ 38.13             12/14/2005(3) 12/14/2012 Common Stock 22,500   22,500 D  
Stock Options (Right to Buy) $ 38             12/15/2004(3) 12/15/2014 Common Stock 18,650   18,650 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOLLAR HUNTER R
SANDY SPRING BANCORP, INC.
17801 GEORGIA AVENUE
OLNEY, MD 20832
  X     CEO  

Signatures

 /s/ Janet VA Replogle, attorney-in-fact for Mr. Hollar   04/18/2008
**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) Restricted stock awarded under the 2005 Omnibus Stock Plan vests in five equal, annual installments on the anniversary dates of the award.
(2) Award of restricted stock under the 2005 Omnibus Stock Plan vests in increments of 33.3% each year beginning on the first anniversary of the award, March 26, 2009.
(3) Stock options fully vested and exercisable.
(4) Stock Options granted pursuant to the Sandy Spring Bancorp, Inc. 2005 Omnibus Stock Plan vest in three annual installments commencing on December 13, 2007.

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