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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