SIERRA BANCORP — Director's Dealing 2019

Feb 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2019-02-19

Reporting Person: McPhaill Kevin J (President/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-19	Common Stock	M	9647	$16.55	Acquired	23076	Direct
2019-02-19	Common Stock	S	9647	$27.3676	Disposed	13429	Direct
2019-02-20	Common Stock	M	5353	$16.55	Acquired	18782	Direct
2019-02-20	Common Stock	S	5353	$27.0915	Disposed	13429	Direct
2019-02-20	Common Stock	M	416	$10.21	Acquired	13845	Direct
2019-02-20	Common Stock	M	3354	$10.58	Acquired	17199	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-19	Stock Options	$16.55	M	9647	Disposed	2025-04-23	Common Stock (9647)	Direct
2019-02-20	Stock Options	$16.55	M	5353	Disposed	2025-04-23	Common Stock (5353)	Direct
2019-02-20	Stock Options	$10.21	M	416	Disposed	2022-11-15	Common Stock (416)	Direct
2019-02-20	Stock Options	$10.58	M	3354	Disposed	2020-11-20	Common Stock (3354)	Direct

Footnotes

F1: 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.

F2: 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.