Sec Form 4 Filing - Childress Patricia @ SIERRA BANCORP - 2013-03-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Childress Patricia
2. Issuer Name and Ticker or Trading Symbol
SIERRA BANCORP [ BSRR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
356 NORTH PORTER ROAD PMB #148
3. Date of Earliest Transaction (MM/DD/YY)
03/05/2013
(Street)
PORTERVILLE, CA93257
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/05/2013 S 5,000 D $ 13 423,270 I By Patricia Childress as Trustee for Patricia Childress Revocable Trust
Common Stock 03/08/2013 S 3,115 D $ 13.25 420,155 I By Patricia Childress as Trustee for Patricia Childress Revocable Trust
Common Stock 03/14/2013 S 1,584 D $ 13.25 418,571 I By Patricia Childress as Trustee for Patricia Childress Revocable Trust
Common Stock 03/25/2013 S 114 D $ 13.3 339,893 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/26/2013 S 528 D $ 13.3 339,365 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/28/2013 S 62 D $ 13.2 339,303 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/28/2013 S 4,000 D $ 13.2 335,303 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/28/2013 S 6,000 D $ 13.2 329,303 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/28/2013 S 10,000 D $ 13.22 319,303 I By Carol Bates as Trustee for Bates Family Revocable Trust
Common Stock 03/28/2013 S 561 D $ 13.21 318,742 I By Carol Bates as Trustee for Bates Family Revocable Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Childress Patricia
356 NORTH PORTER ROAD PMB #148
PORTERVILLE, CA93257
X
Signatures
Jeffrey Tisdale Attorney-in-fact for Patricia Childress 04/16/2013
Signature of Reporting Person Date
Jeffrey Tisdale Attorney-in-fact for Carol Bates 04/16/2013
Signature of Reporting Person Date
Explanation of Responses:

Remarks:
The shares held directly or indirectly by Patricia Childress in capacities other than as Trustee for Patricia Childress Revocable Trust remain the same, for a total beneficial ownership by Patricia Childress following teh reported transaction of 762,033 shares (which amount includes the 418,571 shares now held by Patricia Childress as Trustee for Patricia Childress Revocable Trust). The shares held directly or indirectly by her sister Carol bates in capacities other than as Trustee for Bates Family Revocable Trust remain the same, for a total beneficial ownership by Carol Bates following the reported transaction of 624,175 shares (which amount includes the 318,742 shares now held by Carol Bates as Trustee for Bates Family Revocable Trust). Following the reported transaction, and based on 14,114,879 shares of issuer Sierra Bancorp's common stock outstanding as reported in its Form 10-K filed March 14, 2013, Carol Bates and Patricia Childress (combined) are 9.82 percent owners of Sierra Bancorp common stock outstanding.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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