SIERRA BANCORP — Director's Dealing 2020

Oct 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2020-10-22

Reporting Person: Gardunio James F (EVP/Chief Credit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-22	Common Stock	M	5000	$17.25	Acquired	5000	Direct
2020-10-22	Common Stock	S	5000	$20.7002	Disposed	0	Direct
2020-10-22	Common Stock	M	5000	$16.35	Acquired	5000	Direct
2020-10-22	Common Stock	S	5000	$20.7002	Disposed	0	Direct
2020-10-22	Common Stock	M	2450	$10.73	Acquired	2450	Direct
2020-10-22	Common Stock	S	2450	$20.7002	Disposed	0	Direct
2020-10-23	Common Stock	M	1550	$10.73	Acquired	1550	Direct
2020-10-23	Common Stock	S	1550	$20.7503	Disposed	0	Direct
2020-10-23	Common Stock	M	2700	$10.21	Acquired	2700	Direct
2020-10-23	Common Stock	S	2700	$20.7503	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-22	Stock Options	$17.25	M	5000	Disposed	2026-02-18	Common Stock (5000)	Direct
2020-10-22	Stock Options	$16.35	M	5000	Disposed	2024-11-20	Common Stock (5000)	Direct
2020-10-22	Stock Options	$10.73	M	2450	Disposed	2020-11-18	Common Stock (2450)	Direct
2020-10-23	Stock Options	$10.73	M	1550	Disposed	2020-11-18	Common Stock (1550)	Direct
2020-10-23	Stock Options	$10.21	M	2700	Disposed	2022-11-15	Common Stock (2700)	Direct

Footnotes

F1: This option is immediately vested.

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.