SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KONRATH JAMES

(Last)

(First)

(Middle)

15253 AVENUE OF SCIENCE, BLDG. 1

(Street)

SAN DIEGO

92128

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ACCREDITED HOME LENDERS HOLDING CO [ LEND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/11/2007

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/11/2007		U⁽¹⁾		71,630	D	$11.75	0	I	Child's Trust JLK⁽²⁾
Common Stock	10/11/2007		U⁽¹⁾		71,630	D	$11.75	0	I	Child's Trust NMK⁽³⁾
Common Stock	10/11/2007		U⁽¹⁾		16,607	D	$11.75	0	I	JAK Trust 3⁽⁴⁾
Common Stock	10/11/2007		U⁽¹⁾		100,000	D	$11.75	0	I	JAK Trust 4⁽⁵⁾
Common Stock	10/11/2007		U⁽¹⁾		16,607	D	$11.75	0	I	JBK Trust 3⁽⁶⁾
Common Stock	10/11/2007		U⁽¹⁾		100,000	D	$11.75	0	I	JBK Trust 4⁽⁷⁾
Common Stock	10/11/2007		U⁽¹⁾		1,481,414	D	$11.75	0	I	by Family Trust⁽⁸⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares are being disposed of pursuant to LSF5 Accredited Merger Co. Inc.'s tender offer (the "Offer") to purchase all outstanding shares of common stock, par value $0.001 per share, of Accredited Home Lenders Holding Co. at $11.75 per Share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 19, 2007, as amended and supplemented, and in the related Letter of Transmittal.

2. James A. Konrath and JoAnne B. Konrath, Trustees, Trust for Children FBO Jamie Lynn Konrath dated November 13, 2003.

3. James A. Konrath and JoAnne B. Konrath, Trustees, Trust for Children FBO Nicole Marie Konrath dated November 13, 2003.

4. James A. Konrath and JoAnne B. Konrath, Trustees, James A. Konrath Annuity Trust 3 dated November 23, 2005.

5. James A. Konrath and JoAnne B. Konrath, Trustees, James A. Konrath Annuity Trust 4 dated September 15, 2006.

6. James A. Konrath and JoAnne B. Konrath, Trustees, JoAnne B. Konrath Annuity Trust 3 dated November 23, 2005.

7. James A. Konrath and JoAnne B. Konrath, Trustees, JoAnne B. Konrath Annuity Trust 4 dated September 15, 2006.

8. James A. Konrath and Joanne B. Konrath, Trustees Konrath Family Trust dated November 13, 2003.

	By: David E. Hertzel, Attorney-in-Fact For: James A. Konrath	10/12/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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