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^*

CHEN HENG W

(Last)

(First)

(Middle)

777 NORTH BROADWAY

(Street)

LOS ANGELES

90012

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CATHAY GENERAL BANCORP [ CATY ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP/CFO

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2008

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								29,844	D
Common Stock	04/30/2008		P		700	A	$17.2	700	I	By Chen Trust U/A dated 11/22/1988⁽¹⁾
Common Stock	05/06/2008		P		500	A	$17	1,200	I	By Chen Trust U/A dated 11/22/1988⁽¹⁾
Common Stock	09/16/2008		S		600	D	$25.5	600	I	By Chen Trust U/A dated 11/22/1988⁽¹⁾
Common Stock	09/18/2008		S		500	D	$26.5	100	I	By Chen Trust U/A dated 11/22/1988⁽¹⁾

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)
Stock Option	$24.8							11/20/2007⁽²⁾	11/20/2013	Common Stock	19,896		19,896	D
Stock Option	$37							02/17/2006⁽⁴⁾	02/17/2015	Common Stock	40,100		59,996	D
Stock Option	$36.24							01/25/2007⁽³⁾	01/25/2016	Common Stock	45,000		104,996	D
Stock Option	$23.37							02/21/2009⁽⁵⁾	02/21/2018	Common Stock	44,000		148,996	D

Explanation of Responses:

1. The reporting person holds a contingent remainder interest in the Trust and he shared investment control with the trustee at the time of the transactions reported. The reporting person did not exercise his shared investment control over these transactions and has terminated and disclaimed all further investment control with respect to the Trust. The reporting person has elected to report the entire amount of the Trust's interest, rather than only his proportionate interest, in the transactions conducted by the Trust and its holdings. The reporting person disclaims beneficial ownership of the reported securities held by the Trust.

2. The option is fully exercisable.

3. The option vests in 5 equal annual installments beginning 1/25/07.

4. The option vests in 5 equal annual installments beginning 2/17/06.

5. The option vests in 5 equal annual installments beginning 2/21/09.

Remarks:

	Heng W. Chen	12/05/2008
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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