OptimumBank Holdings, Inc. — Director's Dealing 2004

Aug 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OptimumBank Holdings, Inc. (OPHC)
CIK: 0001288855
Period of Report: 2004-08-12

Reporting Person: KAYE SUMNER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-12	Common Stock	M	10000	$5.00	Acquired	10125	Direct
2004-08-12	Common Stock	M	1000	$6.75	Acquired	11125	Direct
2004-08-12	Common Stock	S	8500	$7.50	Disposed	2625	Direct
2004-08-12	Common Stock	S	2500	$7.50	Disposed	125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-12	Non-Employee Director Stock Option (Right to Buy)	$5.00	M	10000	Disposed	2011-02-27	Common Stock (10000)	Direct
2004-08-12	Non-Employee Director Stock Option (Right to Buy)	$6.75	M	1000	Disposed	2012-10-31	Common Stock (1000)	Direct

Footnotes

F1: The option for 10,000 shares vests in three equal annual installments beginning on February 27, 2002.

F2: The option for 5,000 shares vests in five equal annual installments beginning on October 31, 2003.

F3: Remaining option to purchase 4,000 shares terminated due to reporting person's resignation as a director.