SIERRA BANCORP — Director's Dealing 2014

Apr 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2014-04-17

Reporting Person: McPhaill Kevin J (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-17	Common Stock	M	1416	$8.80	Acquired	3416	Direct
2014-04-17	Common Stock	M	584	$10.21	Acquired	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-17	Stock Options	$8.80	M	1416	Disposed	2019-11-19	Common Stock (1416)	Direct
2014-04-17	Stock Options	$10.21	M	584	Disposed	2022-11-15	Common Stock (584)	Direct

Footnotes

F1: Represents date on which first installment of the reported option becomes exercisable. This option will become cumulatively exercisable in installments of 20% per year commencing one year from the date of grant and ending five years before the expiration of the option.