UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   January 27, 2011

Southwest Bancorp, Inc.
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(Exact name of registrant as specified in its charter)

     
Oklahoma 001-34110 73-1136584
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
608 South Main Street, Stillwater, Oklahoma   74074
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   405-372-2230

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

On January 27, 2011, the Board of Directors of Southwest Bancorp, Inc. approved an award of 1,400 shares of restricted common stock with a market value at that date of $20,482 to each of the eleven non-officer directors, as proposed by the Compensation Committee of the Board of Directors. The awards were granted under the 2008 Stock Based Award Plan, which was approved by shareholders at the 2008 Annual Meeting. The restrictions on exercise of the awards expire on the first anniversary of the date of grant, provided that all restrictions terminate upon a change in control of Southwest Bancorp, Inc. or the disability or death of the recipient.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Southwest Bancorp, Inc.
          
January 31, 2011   By:   Rick Green
       
        Name: Rick Green
        Title: President and CEO