Sec Form 4 Filing - DOYLE CHARLES T @ Q2 Holdings, Inc. - 2014-03-25

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 DOYLE CHARLES T 2. Issuer Name and Ticker or Trading Symbol Q2 Holdings, Inc. [ QTWO] 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) 13785 RESEARCH BLVD., SUITE 150 3. Date of Earliest Transaction (MM/DD/YY) 03/25/2014 (Street) AUSTIN, TX78750 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 03/25/2014 C 405,278 A 433,138 I Texas Indpendent Bancshares, Inc. ( 2 ) Common Stock 03/25/2014 S( 3 ) 38,500 D $ 13 394,638 I Texas Independent Bancshares, Inc. ( 2 )

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 Junior Preferred Stock ( 1 ) 03/25/2014 C 359,474 ( 1 ) ( 1 ) Common Stock 359,474 $ 0 0 I By Texas Independent Bancshares, Inc. ( 2 ) Series A Preferred Stock ( 1 ) 03/25/2014 C 6,537 ( 1 ) ( 1 ) Common Stock 6,537 $ 0 0 I By Texas Independent Bancshares, Inc. ( 2 ) Series B Preferred Stock ( 1 ) 03/25/2014 C 19,005 ( 1 ) ( 1 ) Common Stock 19,005 $ 0 0 I By Texas Independent Bancshares, Inc. ( 2 ) Series C Preferred Stock ( 1 ) 03/25/2014 C 20,262 ( 1 ) ( 1 ) Common Stock 20,262 $ 0 0 I Texas Independent Bancshares, Inc. ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DOYLE CHARLES T 13785 RESEARCH BLVD. SUITE 150 AUSTIN, TX78750 X Signatures /s/ M. Scott Kerr, as attorney-in-fact 03/27/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Preferred Stock was automatically converted into Common Stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date. ( 2 )Shares held by Texas Independent Bancshares, Inc. Mr. Doyle is the Chairman of the Board of Texas Independent Bancshares, Inc. and as such may be deemed to share voting and dispositive power over the shares held by Texas Independent Bancshares, Inc. Mr. Doyle disclaims beneficial ownership of the shares held by Texas Independent Bancshares, Inc., except to the extent of any pecuniary interest therein. ( 3 )Texas Independent Bancshares, Inc. sold these shares as a selling stockholder in connection with the issuer's initial public offering.

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).

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