SIERRA BANCORP — Director's Dealing 2011

Oct 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2011-10-07

Reporting Person: THARP MORRIS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-07	Common Stock	M	30000	$6.43	Acquired	494480	Direct
2011-10-07	Common Stock	S	5500	$9.4273	Disposed	488980	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-07	Stock Options	$6.43	M	30000	Disposed	2011-10-11	Common Stock (30000)	Direct