SIERRA BANCORP — Director's Dealing 2008

Feb 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2008-02-15

Reporting Person: FIELDS ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-15	Common Stock	J	7844	—	Disposed	536949.00	Direct
2008-02-15	Common Stock	G	6000	—	Disposed	530949.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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

Footnotes

F1: In 8/07 a correction was made to the Form 4 to reflect the D/O Questionnaire stated amount for 12/31/06. Not taken into consideration was 3,000 shares gifted 2/07. Then in 9/07 several sales occurred & due to clerical error one of the sales was not reflected-4,844 shares sold at $30.19 on 9/19/07 (7,192 shares were also sold that same date and reported by Form 4 that date). Therefore the correct amount that should reflect on the Form 4 is 536,949 as on the D&O Questionnaire for 12/31/07.