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 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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1. Name and Address of Reporting Person * Battery Management Corp.   2. Issuer Name and Ticker or Trading Symbol Q2 Holdings, Inc. [QTWO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) ONE MARINA PARK DRIVE, SUITE 1100 3. Date of Earliest Transaction (Month/Day/Year) 03/25/2014 (Street) BOSTON, MA 02210 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ 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 (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) Code V Amount (A) or (D) Price Common Stock 03/25/2014   C   2,026,183 A (1) 4,812,183 (2) I See footnote (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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

Series C Preferred Stock

(1)

03/25/2014

C

2,026,183 (2)

(1)

(1)

Common Stock

2,026,183

$ 0

0

I

See footnote (3)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Battery Management Corp. ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
Agrawal Neeraj ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
CROTTY THOMAS J ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
Feldman Jesse ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
FRISBIE RICHARD D ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
LAWLER KENNETH P ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
Lee Roger H ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
TABORS R DAVID ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
TOBIN SCOTT R ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210		X
BROWN MICHAEL MAURICE ONE MARINA PARK DRIVE SUITE 1100 BOSTON, MA 02210	X	X

Signatures

/s/ Chrisopher Schiavo, as attorney-in-fact for Battery Management Corp.		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Neeraj Agrawal		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Thomas J. Crotty		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Jesse Feldman		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Richard D. Frisbie		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Kenneth P. Lawler		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Roger H. Lee		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for R. David Tabors		03/27/2014
**Signature of Reporting Person		Date
/s/ Christopher Schiavo, as attorney-in-fact for Scott R. Tobin		03/27/2014
**Signature of Reporting Person		Date
/s/ Chrisopher Schiavo, as attorney-in-fact for Michael M. Brown		03/27/2014
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The Series C 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)	The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
(3)	Represents 2,006,124 shares held by Battery Ventures IX, L.P., or Battery Ventures IX, and 20,059 shares held by Battery Investment Partners IX, LLC, or BIP IX. Battery Partners IX, LLC, or BPIX, is the sole general partner of Battery Ventures IX and the sole manager of BIP IX. BPIX's investment adviser is Battery Management Corp. (together with BPIX, the Battery Companies). Neeraj Agrawal, Michael M. Brown, Thomas J. Crotty, Jesse Feldman, Richard D. Frisbie, Kenneth P. Lawler, R. David Tabors, Scott R. Tobin and Roger H. Lee are the managing members and officers of the Battery Companies and may be deemed to share voting and dispositive power over the shares held by Battery Ventures IX and BIP IX.
(4)	Represents 4,764,543 shares held by Battery Ventures IX, L.P., or Battery Ventures IX, and 47,640 shares held by Battery Investment Partners IX, LLC, or BIP IX. Battery Partners IX, LLC, or BPIX, is the sole general partner of Battery Ventures IX and the sole manager of BIP IX. BPIX's investment adviser is Battery Management Corp. (together with BPIX, the Battery Companies). Neeraj Agrawal, Michael M. Brown, Thomas J. Crotty, Jesse Feldman, Richard D. Frisbie, Kenneth P. Lawler, R. David Tabors, Scott R. Tobin and Roger H. Lee are the managing members and officers of the Battery Companies and may be deemed to share voting and dispositive power over the shares held by Battery Ventures IX and BIP IX.
Remarks: The reporting persons are part of a 13(d) group with beneficial ownership of more than 10% of a class of the Issuer's;s equity securities registered under Section 12 of the Exchange Act. Due to the limited number of joint filers that can be included on one form, Battery Ventures IX, L.P., Battery Investment Partners IX, LLC, Battery Partners IX, LLC, Battery Management Corp., Neeraj Agrawal, Michael Brown, Thomas J. Crotty, Jesse Feldman, Richard D. Frisbie, Kenneth P. Lawler, R. David Tabors, Scott R. Tobin and Roger H. Lee have filed two separate forms simultaneously, both of which relate to the same securities of the Issuer beneficially owned by such reporting persons.

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