OptimumBank Holdings, Inc. — Director's Dealing 2006

Jan 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OptimumBank Holdings, Inc. (OPHC)
CIK: 0001288855
Period of Report: 2005-12-29

Reporting Person: MARKOWITZ STEPHEN (SEE REMARKS)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
NON-EMPLOYEE DIRECTOR STOCK OPTION (RIGHT TO BUY)	$5.00	2011-02-26	COMMON STOCK (10000)	10000	Direct
NON-EMPLOYEE DIRECTOR STOCK OPTION (RIGHT TO BUY)	$6.75	2012-10-30	COMMON STOCK (5000)	5000	Direct
NON-EMPLOYEE DIRECTOR STOCK OPTION (RIGHT TO BUY)	$10.00	2014-06-29	COMMON STOCK (5000)	5000	Direct

Footnotes

F1: Option fully vested and exercisable in full as of the grant date

F2: On December 29, 2005, the vesting of the option was accelerated to make it exercisable in full as of that date