OptimumBank Holdings, Inc. — Director's Dealing 2004

Nov 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OptimumBank Holdings, Inc. (OPHC)
CIK: 0001288855
Period of Report: 2004-11-10

Reporting Person: BEDZOW MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-10	COMMON STOCK	M	1000	$6.75	Acquired	66230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-10	NON-EMPLOYEE DIRECTOR STOCK OPTION (RIGHT TO BUY)	$6.75	M	1000	Acquired	2012-10-31	COMMON STOCK (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	2000	Indirect
COMMON STOCK	2000	Indirect
COMMON STOCK	2000	Indirect
COMMON STOCK	30000	Indirect

Footnotes

F1: The remaining option for 3,000 shares vests in three equal annual installments beginning on October 31, 2005.