SEC Form 4 · accession 0001127602-18-026596
SIERRA BANCORP · BSRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J McPhaill
Officer — President/CEO
Period of report
Aug 29, 2018
Accepted (ET)
Aug 31, 2018 · 6:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001130144
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 29, 2018 | M | 2,230 | $8.80 | A | 12,230 | D | |
| Common Stock | Aug 29, 2018 | M | 2,000 | $19.19 | A | 14,230 | D | |
| Common Stock | Aug 29, 2018 | M | 4,000 | $10.73 | A | 18,230 | D | |
| Common Stock | Aug 29, 2018 | S | 4,801 | $29.3723 | D | 13,429 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $8.80 | Aug 29, 2018 | M | 2,230 | D | Nov 19, 2009 | Nov 19, 2019 | Common Stock | 2,230 | 0 | D |
| Stock OptionsF2 | $19.19 | Aug 29, 2018 | M | 2,000 | D | Nov 20, 2009 | Nov 20, 2018 | Common Stock | 2,000 | 0 | D |
| Stock OptionsF3,F4 | $10.73 | Aug 29, 2018 | M | 4,000 | D | Nov 18, 2011 | Nov 18, 2020 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1Represents 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.
- F2Represents 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.
- F3Options vesting at rate of 20% per year for 5 years. This option was not filed at the time of the grant.
- F4This 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.