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SIERRA BANCORP Director's Dealing 2008

Feb 28, 2008

33049_dirs_2008-02-28_03e412f6-68b1-4f9d-bb5c-3f9899d938e8.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: 2008-02-26

Reporting Person: WOODS GORDON T (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-02-26 Common Stock M 100 Acquired 31486.00 Direct
2008-02-26 Common Stock S 100 $24.01 Disposed 31386.00 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-02-26 Stock Options $9.00 M 100 Disposed 2008-09-10 Common Stock (100.00) 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