Sec Form 4 Filing - SHRAIBERG STEPHEN B @ Centennial Bank Holdings, Inc. - 2007-02-16

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 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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1. Name and Address of Reporting Person SHRAIBERG STEPHEN B 2. Issuer Name and Ticker or Trading Symbol Centennial Bank Holdings, Inc. [ CBHI] 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) 1331 17TH STREET, STE. 300 3. Date of Earliest Transaction (MM/DD/YY) 02/16/2007 (Street) DENVER, CO80202 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/16/2007 P 10,000 A $ 8.4584 ( 3 ) 73,828 ( 1 ) D Common Stock 02/16/2007 P 10,000 A $ 8.3147 ( 2 ) 63,828 ( 1 ) D Common Stock 02/16/2007 P 2,000 A $ 8.4584 ( 3 ) 4,000 I By spouse Common Stock 02/16/2007 P 2,000 A $ 8.3147 ( 2 ) 2,000 I By spouse

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SHRAIBERG STEPHEN B 1331 17TH STREET, STE. 300 DENVER, CO80202 X Signatures By: /s/ Zsolt K. Bessko for Steve Shraiberg 02/20/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 1,976 shares of restricted stock awarded on 08/04/06, which will vest in full the earlier of the day immediately preceding issuer's 2007 Annual Meeting or June 30, 2007. ( 2 )The price listed represents an average price of shares purchased through 55 separate transactions in which the prices ranged from $8.30 to $8.36 per share. ( 3 )The price listed represents an average price of shares purchased through 57 separate transactions in which the prices ranged from $8.39 to $8.51 per share.

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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