Oak Valley Bancorp — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Oak Valley Bancorp (OVLY)
CIK: 0001431567
Period of Report: 2012-02-28

Reporting Person: Courtney Christopher M. (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-28	Common Stock	A	15000	$6.73	Acquired	132548	Direct

Footnotes

F1: Initial award of restricted stock to executive employee pursuant to Stock Incentive Plan.

F2: Each restricted stock share that is unvested is subject to certain restictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.

F3: The restricted stock will vest as follows:

Vesting Date: Shares Vested:
2/28/13 3,000
2/28/14 3,000
2/28/15 3,000
2/28/16 3,000
2/28/17 3,000

Subject to 100% acceleration upon retirement at any time before February 28, 2017