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 *
GARBARINO JOHN R
   2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [OCFC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
975 HOOPER AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
02/15/2012
(Street)

TOMS RIVER, NJ 08754		 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               353,515 D (1)  
Common Stock               105,418 I By 401(k) (2)
Common Stock               63,547 I By Esop (2)
Common Stock               494 I By Matching ESOP (2) (3)
Common Stock               14,445 I By Spouse
Common Stock               2,204 I Son 1 Trust
Common Stock               9,584 I Son 2 Trust

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 Option (Right to Buy) $ 13.83 02/15/2012   A   90,000   02/15/2013 02/15/2022 Common Stock 90,000 $ 0 90,000 D (4)  
Stock Option (Right to Buy) $ 17.88             02/20/2003 02/20/2012 Common Stock 120,000   120,000 D  
Stock Option (Right to Buy) $ 23.44             05/30/2004 05/30/2013 Common Stock 90,000   90,000 D  
Stock Option (Right to Buy) $ 22.525             05/28/2005 05/28/2014 Common Stock 90,000   90,000 D  
Stock Option (Right to Buy) $ 23.07             01/19/2006 01/19/2015 Common Stock 3,430   3,430 D  
Stock Option (Right to Buy) $ 20.795             04/20/2006 04/20/2015 Common Stock 3,806   3,806 D  
Stock Option (Right to Buy) $ 23.475             02/15/2007 02/15/2016 Common Stock 63,000   63,000 D  
Stock Option (Right to Buy) $ 22.17             02/21/2008 02/21/2017 Common Stock 60,750   60,750 D (4)  
Stock Option (Right to Buy) $ 16.81             02/20/2009 02/20/2018 Common Stock 63,788   63,788 D (4)  
Stock Option (Right to Buy) $ 10             02/17/2011 02/17/2020 Common Stock 89,305   89,305 D (4)  
Stock Option (Right to Buy) $ 13.87             02/18/2012 02/18/2021 Common Stock 90,000   90,000 D (4)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GARBARINO JOHN R
975 HOOPER AVENUE
TOMS RIVER, NJ 08754		   X     Chairman and CEO  

Signatures

 /s/ Steven J. Tsimbinos, Power of Attorney   02/17/2012
**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) Total includes shares of restricted stock to vest in the future.
(2) This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
(3) 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.
(4) Options vest in five equal annual installments beginning on the date first exercisable.

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