Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PETERSON RONALD
  2. Issuer Name and Ticker or Trading Symbol
QCR HOLDINGS INC [QCRH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3551 7TH STREET, SUITE 100
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2006
(Street)

MOLINE, IL 61265
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/30/2005   P V 546.49 A $ 21.89 9,607.4 I by Trust
Common Stock               3,375 I by Managed Account (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 18.38 01/05/2006   A   300   01/05/2007(2) 01/05/2016 Common Stock 300 $ 18.38 300 D  
Non-Qualified Stock Option (right to buy) $ 18.38 01/05/2006   A   300   01/05/2007(2) 01/05/2016 Common Stock 300 $ 18.38 600 D  
Non-Qualified Stock Option (right to buy) $ 5.89               (2) 06/28/2006 Common Stock 450   450 D  
Non-Qualified Stock Option (right to buy) $ 6.9               (2) 06/30/2011 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 9.11               (2) 06/30/1997 Common Stock 450   450 D  
Non-Qualified Stock Option (right to buy) $ 9.87               (2) 06/28/2012 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 10.75               (2) 06/30/2010 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 11.83               (2) 06/30/2009 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 13.33               (2) 01/22/2014 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 14.22               (2) 06/30/2008 Common Stock 450   450 D  
Non-Qualified Stock Option (right to buy) $ 18.67               (2) 01/02/2014 Common Stock 300   300 D  
Non-Qualified Stock Option (right to buy) $ 21.5               (2) 01/03/2015 Common Stock 600   600 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PETERSON RONALD
3551 7TH STREET
SUITE 100
MOLINE, IL 61265
  X      

Signatures

 By: Rick J. Jennings For: Ronald G. Peterson   01/09/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Indirect beneficial ownership by 401 (k) plan.
(2) These options are exercisable in annual increments of 20% each, with the first 20% vesting on the first anniversary of the option grant.

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