BROADWAY FINANCIAL CORP \DE\ — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK: 0001001171
Period of Report: 2011-01-21

Reporting Person: DAVIDSON ROBERT C JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-21	Stock Option (Right to Buy)	$2.47	A	3036	Acquired	2021-01-21	Common Stock (3036)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	356	Direct
Common Stock	804	Direct
Common Stock	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$10.4900	2013-03-19	Common Stock (1428)	1428	Direct
Stock Option (Right to Buy)	$6.00	2020-01-21	Common Stock (1250)	4553	Direct
Stock Option (Right to Buy)	$4.00	2019-01-21	Common Stock (1875)	3303	Direct

Footnotes

F1: Held in a Trust with Robert C. Davidson, Jr. as Trustee.

F2: Held directly in the name of Robert C. Davidson, Jr.

F3: Held in a street name account of Robert C. Davidson, Jr.

F4: On March 19, 2003 the Board of Directors granted 1,784 shares of Stock Options under the Stock Option Plan for Outside Directors. The stock price on that day was $10.4900 per share. The shares will vest in five (5) equal annual installments each year beginning the following year, on March 19. The options are fully exercisable on March 19, 2008 but if not exercised, expire on March 19, 2013 or upon termination of directorship. There are 1428 shares remaining to exercise.

F5: The Board of Directors granted this Stock Option on January 21, 2009. It will be reissued each year on January 21 or until the Board discontinues the annual grant. This is a stock option grant that vests upon granting.