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^*

WASHAM LEE

(Last)

(First)

(Middle)

209 LAKE SHORE DRIVE

(Street)

LAGRANGE

30240

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CHARTER FINANCIAL CORP/GA [ CHFN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP of Charter Bank

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2005

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, par value $0.01 per share	09/27/2005		A		1,500	A	$0	32,000	D⁽¹⁾
Common Stock, par value $0.01 per share								10,500	I	By IRA
Common Stock, par value $0.01 per share								2,301	I	By ESOP
Common Stock, par value $0.01 per share								577	I	By 401(k)

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 (Right to Buy)	$29.26							⁽²⁾	09/12/2012	Common Stock	5,000		5,000	D
Stock Option (Right to Buy)	$32.99							⁽³⁾	07/27/2014	Common Stock	10,000		10,000	D

Explanation of Responses:

1. Includes a restricted stock award of 1,500 shares granted to the reporting person under the Charter Financial Corporation 2001 Recognition and Retention Plan. This award will vest on August 1, 2006. Includes a restricted stock award of 4,500 shares granted to the reporting person on July 27, 2004 under the Charter Financial Corporation 2001 Recognition and Retention Plan. This award will vest in two installments as follows: 2,000 shares on July 27, 2008, and 2,500 shares on July 27, 2009. Includes a restricted stock award of 1,500 shares granted to the reporting person on September 27, 2005 under the Charter Financial Corporation 2001 Recognition and Retention Plan. This award will vest on September 27, 2010.

2. Options granted under the 2001 Charter financial Corporation Stock Option Plan. Of there, 2,000 are currently excercisable, 1,500 vest on September 12, 2006, and 1,500 vest on September 12, 2007.

3. Options granted to the reporting person under the 2001 Charter Financial Corporation Stock Option Plan vest in two equal annual installments scheduled to vest on July 27, 2008 and 2009.

	/s/ Lee Washam	09/29/2005
	** 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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