Statement of Changes of Beneficial Ownership


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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Durkin Bryan T
2. Issuer Name and Ticker or Trading Symbol

CBOT HOLDINGS INC [ NYSE: BOT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & Chief Operating Officer
(Last)          (First)          (Middle)

C/O CBOT HOLDINGS, INC., 141 WEST JACKSON BOULEVARD
3. Date of Earliest Transaction (MM/DD/YYYY)

1/2/2007
(Street)

CHICAGO, IL 60604
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Employee Stock Option (right to buy)   (1) $151.47   (2) 1/2/2007   (3)      6000         (4) 1/2/2017   Class A Common Stock   6000   $0   6000   D    

Explanation of Responses:
( 1)  Issued under the CBOT Holdings, Inc. 2005 Long-Term Equity Incentive Plan ("Plan").
( 2)  Pursuant to the Plan, the exercise price is the closing price of the Company's Class A Common Stock on the New York Stock Exchange on December 29, 2006, the last trading day immediately preceding the date of grant.
( 3)  Approved by the Company's Compensation Committee on October 5, 2006 with a January 2, 2007 grant date.
( 4)  The options will vest in four equal installments (specifically, on the first, second, third and fourth anniversaries of the date of grant), subject to the Reporting Person's continued employment with the Company; provided, that the options shall fully vest upon a change in control of the Company. Generally, unvested options will be cancelled upon the Reporting Person's resignation from or other termination of employment with the Company.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Durkin Bryan T
C/O CBOT HOLDINGS, INC.
141 WEST JACKSON BOULEVARD
CHICAGO, IL 60604


EVP & Chief Operating Officer

Signatures
/s/ Bernard W. Dan, attorney-in-fact 1/4/2007
** 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).
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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