FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

Hymel Patrick A

2. Date of Event Requiring Statement (MM/DD/YYYY)
12/10/2007 

3. Issuer Name and Ticker or Trading Symbol

INDYMAC BANCORP INC [IMB]

(Last)        (First)        (Middle)

888 E WALNUT STREET

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
_____ Officer (give title below)          ___ X ___ Other (specify below)
/ EVP, IndyMac Bank, F.S.B.

(Street)

PASADENA, CA 91101       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


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   2679   (1) D  
 
Common Stock   2302   (2) D  
 
Common Stock   6016   D  
 
Common Stock   669.47   I   By 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		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
Stock Option (Right to Buy)     (3) 2/5/2011   Common Stock   3400.00   $24.4150   D  
 
Stock Option (Right to Buy)     (4) 3/15/2014   Common Stock   8811.00   $35.3800   D  
 
Stock Option (Right to Buy)     (5) 3/23/2014   Common Stock   28997.00   $29.5700   D  
 
Stock Option (Right to Buy)     (6) 3/15/2015   Common Stock   20929.00   $35.4050   D  
 
Stock Option (Right to Buy)     (7) 3/15/2016   Common Stock   12530.00   $39.0750   D  
 

Explanation of Responses:
( 1)  Restricted stock vests in full on March 15, 2009.
( 2)  Restricted stock vests in full on March 23, 2010.
( 3)  The option became exercisable for one-third of the shares on February 5, 2002, February 5, 2003, and February 5, 2004. Mr. Hymel has previously exercised 1,600 options from this grant.
( 4)  The option became exercisable for one-third of the shares on March 15, 2005, March 15, 2006, and March 15, 2007.
( 5)  The option becomes exercisable for one-third of the shares on March 23, 2008, March 23, 2009, and March 23, 2010.
( 6)  The option became exercisable for one-third of the shares on March 15, 2006 and March 15, 2007 and becomes exercisable for one-third of the shares on March 15, 2008.
( 7)  The option became exercisable for one-third of the shares on March 15, 2007 and becomes exercisable for one-third of the shares on March 15, 2008, and March 15, 2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hymel Patrick A
888 E WALNUT STREET
PASADENA, CA 91101


EVP, IndyMac Bank, F.S.B.

Signatures
By: /s/ Patrick A. Hymel 12/12/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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