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 *
GIPPLE TODD A
  2. Issuer Name and Ticker or Trading Symbol
QCR HOLDINGS INC [QCRH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec.V.P. and CFO, QCR Holding
(Last)
(First)
(Middle)
3551 7TH STREET, SUITE 100
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2011
(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 01/05/2011   C   40 A $ 7.48 17,574 D  
Common Stock 01/07/2011   S   8,767 D (1) 8,807 D  
Common Stock 01/07/2011   S   14,722 D (1) 0 I by IRA
Common Stock 01/07/2011   S   3,125.23 D (1) 0 I by Managed Account
Common Stock 01/07/2011   S   2,500 D (1) 0 I by Spouse (2)
Common Stock               1,300 I by Son
Common Stock               651.745 I by Trust

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) $ 6.9 01/07/2011   S     75 06/30/2002 06/30/2011 Common Stock 75 (3) $ 6.9 75 D  
Non-Qualified Stock Option (right to buy) $ 7.13 01/05/2011   C     2,250 01/05/2002 01/05/2011 Common Stock 2,250 $ 7.48 0 D  
Non-Qualified Stock Option (right to buy) $ 7.453 01/07/2011   S     1,125 01/05/2003 01/05/2012 Common Stock 1,125 (3) $ 7.453 1,125 D  
Non-Qualified Stock Option (right to buy) $ 8.83 01/07/2011   J     11,250 01/05/2001 01/05/2010 Common Stock 11,250 (4) 0 D  
Non-Qualified Stock Option (right to buy) $ 9 01/07/2011   S     3,499 02/01/2011 02/01/2020 Common Stock 3,499 (3) $ 9 3,498 D  
Non-Qualified Stock Option (right to buy) $ 9.3 01/07/2011   S     4,913 02/02/2010 02/02/2019 Common Stock 4,913 (3) $ 9.3 4,914 D  
Non-Qualified Stock Option (right to buy) $ 9.87 01/07/2011   S     57 06/30/2003 06/30/2012 Common Stock 57 (3) $ 9.87 56 D  
Non-Qualified Stock Option (right to buy) $ 10.75 01/07/2011   J     150 06/30/2001 06/30/2010 Common Stock 150 (4) 0 D  
Non-Qualified Stock Option (right to buy) $ 11.41 01/07/2011   S     1,125 01/06/2004 01/06/2013 Common Stock 1,125 (3) $ 11.41 1,125 D  
Non-Qualified Stock Option (right to buy) $ 15.62 01/07/2011   S     5,919 02/01/2009 02/01/2018 Common Stock 5,919 (3) $ 15.62 5,920 D  
Non-Qualified Stock Option (right to buy) $ 16.85 01/07/2011   S     1,125 01/26/2008 01/26/2017 Common Stock 1,125 (3) $ 16.85 1,125 D  
Non-Qualified Stock Option (right to buy) $ 17.6 01/07/2011   S     375 10/26/2007 10/26/2011 Common Stock 375 (3) $ 17.6 375 D  
Non-Qualified Stock Option (right to buy) $ 18.67 01/07/2011   S     1,125 01/23/2005 01/23/2014 Common Stock 1,125 (3) $ 18.67 1,125 D  
Non-Qualified Stock Option (right to buy) $ 19.05 01/07/2011   S     1,250 01/27/2007 01/27/2016 Common Stock 1,250 (3) $ 19.05 1,250 D  
Non-Qualified Stock Option (right to buy) $ 21 01/07/2011   S     1,500 01/28/2006 01/28/2015 Common Stock 1,500 (3) $ 21 1,500 D  
Non-Qualified Stock Option (right to buy) $ 22 01/07/2011   S     750 01/05/2006 01/05/2015 Common Stock 750 (3) $ 22 750 D  
Stock Appreciation Rights $ 6.9 01/07/2011   S     1,875 06/30/2002 06/30/2011 Common Stock 1,875 (3) $ 6.9 1,875 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GIPPLE TODD A
3551 7TH STREET
SUITE 100
MOLINE, IL 61265
      Exec.V.P. and CFO, QCR Holding  

Signatures

 By: Rick J. Jennings For: Todd A. Gipple   01/07/2011
**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) Since the date of the reporting person's last ownership report, he transferred shares of QCR common stock to his ex-wife pursuant to a domestic relations order. Additionally, the reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
(2) Indirect beneficial ownership by spouse's IRA.
(3) Since the date of the reporting person's last ownership report, he transferred employee stock options to purchase shares of QCR common stock to his ex-wife pursuant to a domestic relations order. Additionally, the reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
(4) Options expired without exercising

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