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SIERRA BANCORP Director's Dealing 2008

Mar 7, 2008

33049_dirs_2008-03-06_df6178be-e686-4a08-a24c-5b173c39dd4f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2008-03-06

Reporting Person: WOODS GORDON T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-06	Common Stock	S	100	$22.05	Disposed	29286.00	Direct
2008-03-06	Common Stock	S	100	$22.04	Disposed	29186.00	Direct
2008-03-06	Common Stock	S	200	$21.97	Disposed	28986.00	Direct
2008-03-06	Common Stock	S	100	$21.95	Disposed	28886.00	Direct
2008-03-06	Common Stock	S	100	$21.93	Disposed	28786.00	Direct
2008-03-06	Common Stock	S	100	$21.92	Disposed	28686.00	Direct
2008-03-06	Common Stock	S	300	$21.90	Disposed	28386.00	Direct
2008-03-06	Common Stock	S	200	$21.86	Disposed	28186.00	Direct
2008-03-06	Common Stock	S	800	$21.83	Disposed	27386.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$6.43	2011-10-11	Common Stock (10000.00)	10000.00	Direct
Stock Option	$31.70	2016-11-16	Common Stock (2500.00)	2500.00	Direct
Stock Option	$26.58	2018-11-15	Common Stock (2500.00)	2500.00	Direct
Stock Options	$9.00	2008-09-10	Common Stock (19900.00)	19900.00	Direct