Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 21, 2009, the Compensation Committee of the Board of Directors of OceanFirst Financial Corp. (the "Company") approved a revised form of restricted stock award agreements under the 2006 Stock Incentive Plan. The revised form will be used to evidence awards to the Company's five most-highly compensated employees in order to comply with the terms of the Emergency Economic Stabilization Act of 2008, as amended by the American Recovery and Reinvestment Act of 2009, and the interim final rule promulgated pursuant to such statutes set forth at 31 C.F.R. Part 30 and any additional rules, regulations or guidelines hereafter issued under the U.S. Department of the Treasury's Capital Purchase Program. The revised form includes additional vesting and transfer restrictions. It also provides that cash dividends are not to be paid out to the award recipient during the restriction period. The revised form of award agreement is included as exhibit 10.25 to this filing and is incorporated by reference into this item.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. 10.25 Form of Restricted Stock Agreement (CPP)

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