FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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 *   Hwang Chris 2. Date of Event Requiring Statement (Month/Day/Year) 12/19/2006 3. Issuer Name and Ticker or Trading Symbol FLUSHING FINANCIAL CORP [FFIC] (Last) (First) (Middle) 1979 MARCUS AVENUE, SUITE E140 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) LAKE SUCCESS, NY 11042 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 4,000 D   Common Stock 1,161 (1) I 401(k) Common Stock 5,387 (2) I PSP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	  (3)	06/17/2012	Common Stock	900	$ 12.37	D	Â
Employee Stock Option (Right to Buy)	  (4)	06/16/2013	Common Stock	900	$ 13.47	D	Â
Employee Stock Option (Right to Buy)	  (5)	06/14/2014	Common Stock	1,100	$ 16.77	D	Â
Employee Stock Option (Right to Buy)	  (6)	06/20/2015	Common Stock	1,100	$ 17.88	D	Â
Employee Stock Option (Right to Buy)	  (7)	06/19/2016	Common Stock	2,200	$ 16.44	D	Â
Phantom Stock Units	  (8)	  (8)	Common Stock	362 (9)	$ (10)	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Hwang Chris 1979 MARCUS AVENUE SUITE E140 LAKE SUCCESS, NY 11042	Â	Â	  Senior Vice President	Â

Signatures

Signed by Russell A. Fleishman under Power of Attorney by Chris Hwang		01/03/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Shares held in FSB 401(k) Savings Plan a/o 12/29/06.
(2)	Shares held in FFC Stock-Based Profit Sharing Plan a/o 9/29/06.
(3)	Options as adjusted for stock splits covered 4,500 shares and became exercisable in five equal installments beginning on the first anniversary of the date of grant.
(4)	Options as adjusted for stock splits covered 2,250 options and became exercisable in five equal installments beginning on the first anniversary of the date of grant.
(5)	All options became exercisable 12/21/04.
(6)	All options became exercisable 12/21/05.
(7)	Options become exercsiable in five equal installments beginning on the first anniversary of the date of grant.
(8)	Includes amounts credited to Mr. Hwang's account through 9/29/06. The vested portion of the account balance is paid in a cash lump sum or in installments as elected by the reporting officer commencing upon termination (subject to IRS 409A regulations).
(9)	Phantom Stock Units a/o 9/29/06.
(10)	1 : 1

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