Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Joyner Coy
 2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2016		 3. Issuer Name and Ticker or Trading Symbol
Q2 Holdings, Inc. [QTWO]
(Last)
(First)
(Middle)
13785 RESEARCH BLVD., SUITE 150		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Product Group
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

AUSTIN, TX 78750		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,578 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) 03/12/2016(2) 03/12/2022 Common Stock 8,061 $ 21.37 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Joyner Coy
13785 RESEARCH BLVD.
SUITE 150
AUSTIN, TX 78750		       SVP, Product Group  

Signatures

/s/ M. Scott Kerr, as attorney in fact 06/17/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Reported shares represent shares underlying Restricted Stock Units. The Restricted Stock Units were originally granted on March 12, 2015 and vest in equal annual installments over four years beginning March 12, 2016. The reported shares represented the unvested balance as of the date of this form.
(2) This option grant vested as to 1/4 of the total option grant on March 12, 2016, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

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