PLUMAS BANCORP — Director's Dealing 2004

Mar 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PLUMAS BANCORP (PLBC)
CIK: 0001168455
Period of Report: 2004-03-16

Reporting Person: ELLIOTT WILLIAM E (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-16	Common Stock	S	2675	$19.4395	Disposed	51917	Direct
2004-03-16	Common Stock	P	7000	$7.4356	Acquired	58917	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-16	Option to buy Common Stock	$7.4356	X	7000	Disposed	2008-11-18	Common Stock (7000)	Direct

Footnotes

F1: 51,982 shares owned directly
5,184 shares owned indirectly via IRA
1,751 shares owned indirectly via 401k Plan

F2: 5,440 options at $7.4356, of which 5,440 options are exercisable
11,250 options at $16.13, of which 3,750 options are exercisable
5,625 options at $19.79, of which no options are exercisable at this time

F3: 44,982 shares owned directly
5,184 shares owned indirectly via IRA
1,751 shares owned indirectly via 401k Plan