diff --git a/jquery.color.js b/jquery.color.js
index fdf459e..ef13e13 100644
--- a/jquery.color.js
+++ b/jquery.color.js
@@ -53,6 +53,18 @@
 			}
 		}, {
 
+			// this regex ignores A-F because it's compared against an already lowercased string
+			re: /#([a-f0-9]{2})([a-f0-9]{2})([a-f0-9]{2})([a-f0-9]{2})/,
+			parse: function( execResult ) {
+				return [
+					parseInt( execResult[ 1 ], 16 ),
+					parseInt( execResult[ 2 ], 16 ),
+					parseInt( execResult[ 3 ], 16 ),
+					( parseInt( execResult[ 4 ], 16 ) / 255.0 ).toFixed( 2 )
+				];
+			}
+		}, {
+
 			// this regex ignores A-F because it's compared against an already lowercased string
 			re: /#([a-f0-9]{2})([a-f0-9]{2})([a-f0-9]{2})/,
 			parse: function( execResult ) {
diff --git a/test/unit/color.js b/test/unit/color.js
index 7fef488..ccad483 100644
--- a/test/unit/color.js
+++ b/test/unit/color.js
@@ -170,6 +170,27 @@ var sevens = {
 };
 parseTest( "#777", sevens );
 parseTest( "#777777", sevens );
+parseTest( "#77777726", {
+	expect: 4,
+	red: 119,
+	green: 119,
+	blue: 119,
+	alpha: 0.15
+} );
+parseTest( "#777777FF", {
+	expect: 4,
+	red: 119,
+	green: 119,
+	blue: 119,
+	alpha: 1
+} );
+parseTest( "#77777700", {
+	expect: 4,
+	red: 119,
+	green: 119,
+	blue: 119,
+	alpha: 0
+} );
 
 var fiftypercent = {
 	expect: 4,