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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1. Name and Address of Reporting Person * RANZINI STEPHEN LANGE   2. Issuer Name and Ticker or Trading Symbol UNIVERSITY BANCORP INC /DE/ [UNIB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO (Last) (First) (Middle) 959 MAIDEN LANE 3. Date of Earliest Transaction (Month/Day/Year) 08/25/2008 (Street) ANN ARBOR, MI 48105 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, $.01 par valuie 08/25/2008   S   27,000 D $ 1.87 529,868 D   Common Stock, $.01 Par value               28,371 I (1) By ESOP Common Stock, $.01 par value               39,600 I (2) By Trust Common Stock, $.01 par value               1,958,757 I (3) By L.P.

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RANZINI STEPHEN LANGE 959 MAIDEN LANE ANN ARBOR, MI 48105	X	X	President & CEO

Signatures

Stephan Lange Ranzini		08/27/2008
**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)	Allocation to Reporting Person's account under the Issuer's employee stock ownnership Plan.
(2)	Reporting person is co-trustee of the Trust of which he is primary beneficiary with respect to 1/5 of the assets held by the Trust and this report shall not be deemed an admission that Reporting Person is the benefial owner thereof for purposes of Section 16, or for any other reason.
(3)	Reporting person holds a 31.158% limited partnership interest in Orpheous Capital, LP, is trustee of the trust that his mother is the primary beneficiary of that holds an additional 15.038%, and is co-trustee of the Trust which is the General Partner of Orpheous Capital, LP. This report shall not be deemed an admission that Reporting person is the beneficial owner of the shares held by any of the trusts, the Trust or Orpheous Capital, LP for purposes of Section 16, or for any other reason.

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