Copolymer latices of styrene-butyl acrylate-silicone were prepared using a semicontinuous addition process and batch and monomer emulsion addition processes. The results showed that a stable latex with narrow particle size dispersion and a high monomer conversion can be obtained only by the semicontinuous addition process. The simultaneous free-radical and ionic copolymerization mechanisms were discussed. 3-Methacryloyloxypropyl trimethoxysilane in this work was used as a coupling agent to form a chemical bond between vinyl polymer and polysiloxane. It was found that the copolymerization reaction and the properties of latex and latex film were obviously influenced by silicone content. When the silicone content was less than 25 wt %, copolymerization proceeded readily and a stable latex could be prepared. With increasing silicone content, monomer conversion, latex stability, film hardness, and tensile strength decreased, whereas the water resistance and impact strength increased. Results of Soxhlet extraction, silicon analysis, and dynamic mechanical properties of latex polymer confirmed the occurrence of copolymerization.