PLUMAS BANCORP — Director's Dealing 2006

Feb 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PLUMAS BANCORP (PLBC)
CIK: 0001168455
Period of Report: 2006-02-01

Reporting Person: ELLIOTT WILLIAM E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-01	Common stock	S	11900	$21.0184	Disposed	62016	Indirect
2006-02-01	Common stock	X	16875	$10.7533	Acquired	78891	Indirect
2006-02-01	Common stock	X	3374	$13.1933	Acquired	82265	Indirect
2006-02-01	Common stock	X	1687	$14.1867	Acquired	83952	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-01	Option to buy common stock	$10.7533	X	16875	Disposed	2012-12-18	Common stock (16875)	Direct
2006-02-01	Option to buy common stock	$13.1933	X	3374	Disposed	2013-12-17	Common stock (3374)	Direct
2006-02-01	Option to buy common stock	$14.1867	X	1687	Disposed	2014-12-15	Common stock (1687)	Direct

Footnotes

F1: 6,582 shares, ownership - direct
44,931 shares, ownership - indirect via the Elliott Family Trust
7,776 shares, ownership - indirect via self-directed IRA
2,727 shares, ownership - indirect via self-directed 401(k) Plan

F2: Combination of direct holdings and indirect holdings, see final breakdown in footnote 3.

F3: 6,582 shares, ownership - direct
66,867 shares, ownership - indirect via Elliott Family Trust
7,776 shares, ownership - indirect via self-directed IRA
2,727 shares, ownership - indirect via self-directed 401(k) Plan

F4: 11,813 options were cancelled as a result of Elliott's retirement as President of Plumas Bancorp.