BROADWAY FINANCIAL CORP \DE\ — Director's Dealing 2009

Mar 20, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK: 0001001171
Period of Report: 2008-12-17

Reporting Person: Williams Elrick (Director, employed by a 10.5% owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-17	Employee Stock Option (right to buy)	$5.08	A	7500	Acquired		Common stock (7500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common stock	$		Common stock (187317)	186217	Indirect

Footnotes

F1: The reporting person is an Officer of Williams Group L.L.C. The reporting person disclaims beneficial ownership of the securites held by Williams Group Holding L.L.C., except to the extent of his pecuinary interest therein.

F2: The common stock may be exercised at any time, at the holder's election, and has no expiration date.
The purchases reported in this Form 4 were effected pusuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28,2008.

F3: This stock option grant follows the 2008 Long Term Incentive Plan Agreement.

F4: This is an ongoing stock option grant to each director beginning December 17, 2009 and terminates upon board approval.