SIERRA BANCORP — Director's Dealing 2018

Sep 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2018-08-29

Reporting Person: McPhaill Kevin J (President/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-29	Common Stock	M	2230	$8.80	Acquired	12230	Direct
2018-08-29	Common Stock	M	2000	$19.19	Acquired	14230	Direct
2018-08-29	Common Stock	M	4000	$10.73	Acquired	18230	Direct
2018-08-29	Common Stock	S	4801	$29.3723	Disposed	13429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-29	Stock Options	$8.80	M	2230	Disposed	2019-11-19	Common Stock (2230)	Direct
2018-08-29	Stock Options	$19.19	M	2000	Disposed	2018-11-20	Common Stock (2000)	Direct
2018-08-29	Stock Options	$10.73	M	4000	Disposed	2020-11-18	Common Stock (4000)	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.

F2: Represents date on which first installment of the reported option becomes exercisable. All options reported 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.

F3: Options vesting at rate of 20% per year for 5 years. This option was not filed at the time of the grant.

F4: This option vests at a rate of 20% per year commencing on 11/18/2011 and will be fully vested on 11/18/2015. The form 4 filing concerning this option was inadvertently missed at the time of the grant.