OptimumBank Holdings, Inc. — Director's Dealing 2004

Jul 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OptimumBank Holdings, Inc. ((OPHC))
CIK: 0001288855
Period of Report: 2004-07-02

Reporting Person: COHEN IRVING P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-02	Common Stock	M	3333	$5.00	Acquired	22167	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-30	Non-Employee Director Stock Option (Right to Buy)	$10.00	A	5000	Acquired	2014-06-29	Common Stock (5000)	Direct
2004-07-01	Non-Employee Director Stock Option (Right to Buy)	$5.00	M	3333	Disposed	2012-04-25	Common Stock (3333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13700	Direct
Common Stock	5000	Indirect

Footnotes

F1: The option for 10,000 shares vests in three equal annual installments beginning on April 25, 2003.

F2: The option for 5,000 shares vests in five equal annual installments beginning on June 30, 2005.