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SIERRA BANCORP Director's Dealing 2008

Feb 26, 2008

33049_dirs_2008-02-25_50b85894-5ef8-40bd-853e-f046b4059ba6.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: 2007-05-31

Reporting Person: BERRA ALBERT L (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-31 Common Stock S 500 $28.01 Disposed 142224.00 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 30793.00 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $6.43 2011-10-11 Common Stock (40000.00) 40000.00 Direct
Stock Option $31.70 2016-11-16 Common Stock (2500.00) 2500.00 Direct
Stock Options $9.00 2008-09-10 Common Stock (30000.00) 30000.00 Direct

Footnotes

F1: Broker made several sales from 5/29-6/1/07 for the Director and did not advise details of the 5/31 sale, which confirmed in report to Director from Broker 2/08. All other sales during that time period reported by Form 4.