SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

CHANG MICHAEL M Y

(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)

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

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006

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 at end of Issuer's Fiscal Year (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)	3. Transaction Code (Instr. 8)	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	01/24/2006		J⁽¹⁾	80.349	A	$34.758	107,148.46	D
Common Stock	04/25/2006		J⁽¹⁾	77.35	A	$36.1944	107,148.46	D
Common Stock	07/25/2006		J⁽¹⁾	81.303	A	$34.5242	107,148.46	D
Common Stock	10/24/2006		J⁽¹⁾	82.986	A	$33.9124	107,148.46	D
Common Stock							132,944	I	As custodian for children
Common Stock							136,000	I	Spouse as custodian for children
Common Stock							208,812	I	Family Trust

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)	4. Transaction Code (Instr. 8)	(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	$15.0475						01/18/2006⁽²⁾	01/18/2011	Common Stock	400		2,000	D
Stock Option	$16.275						02/21/2004⁽³⁾	02/21/2012	Common Stock	1,600		2,000	D
Stock Option	$19.925						01/16/2004⁽⁴⁾	01/16/2013	Common Stock	3,800		5,800	D
Stock Option	$24.8						11/20/2004⁽⁵⁾	11/20/2013	Common Stock	11,000		16,800	D
Stock Option	$37						02/17/2006⁽⁶⁾	02/17/2015	Common Stock	3,500		20,300	D
Stock Option	$36.24						01/25/2007⁽⁷⁾	01/25/2016	Common Stock	3,500		23,800	D

Explanation of Responses:

1. Dividend Reinvestment.

2. The option is fully exercisable.

3. The option vests in 4 equal annual installments beginning 2/21/04.

4. The option vests in 5 equal annual installments beginning 1/16/04.

5. The option vests in 5 equal annual installments beginning 11/20/04.

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

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

Remarks:

	Michael M.Y. Chang	02/13/2007
	** 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).
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