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4//SEC Filing

DOWDELL KIRK N 4

Accession 0001072688-06-000012

CIK 0001072688other

View on SEC.gov Company Profile

Filed

Jun 4, 8:00 PM ET

Accepted

Jun 5, 2:44 PM ET

Size

27.0 KB

Accession

0001072688-06-000012

Insider Transaction Report

Form 4

Period: 2006-06-02

WESTERN SIERRA BANCORPwsba

EVP & CHIEF BANKING OFFICER

Transactions

Expiration (Short)
Options
2006-06-02−2,731→ 48,297 total
Exercise: $5.90From: 2000-04-11Exp: 2010-04-11→ Common Stock (2,731 underlying)
Expiration (Short)
Options
2006-06-02−7,500→ 10,000 total
Exercise: $28.67From: 2004-03-25Exp: 2014-03-25→ Common Stock (7,500 underlying)
Expiration (Short)
Options
2006-06-02−10,000→ 0 total
Exercise: $34.17From: 2005-04-01Exp: 2015-04-01→ Common Stock (10,000 underlying)
Expiration (Short)
Options
2006-06-02−7,875→ 25,375 total
Exercise: $17.61From: 2003-03-20Exp: 2013-03-20→ Common Stock (7,875 underlying)
Expiration (Short)
Options
2006-06-02−7,845→ 53,896 total
Exercise: $6.05From: 1997-09-22Exp: 2007-09-22→ Common Stock (7,845 underlying)
Expiration (Short)
Options
2006-06-02−3,472→ 44,825 total
Exercise: $7.63From: 2001-04-10Exp: 2011-04-10→ Common Stock (3,472 underlying)
Expiration (Short)
Options
2006-06-02−6,615→ 38,210 total
Exercise: $9.62From: 2001-12-11Exp: 2011-12-11→ Common Stock (6,615 underlying)
Expiration (Short)
Options
2006-06-02−4,960→ 33,250 total
Exercise: $13.55From: 2002-04-25Exp: 2012-04-25→ Common Stock (4,960 underlying)
Disposition to Issuer
Common Stock
2006-06-02−12,684→ 0 total
Expiration (Short)
Options
2006-06-02−2,868→ 51,028 total
Exercise: $6.66From: 1999-05-19Exp: 2009-05-19→ Common Stock (2,868 underlying)

Footnotes (2)

[F1]Disposed of pursuant to the merger of Western Sierra Bancorp ("Western Sierra") with and into Umpqua Holdings Corporation ("Umpqua") (the "Merger"), in exchange for the merger consideration consisting of 1.61 shares of Umpqua common stock per share of Western Sierra common stock. The closing price of Umpqua's common stock on the NASDAQ Stock Market on June 2, 2006, the effective date of the Merger, was $27.58 per share
[F2]In connection with the Merger, each outstanding option to acquire Western Sierra common stock was converted into an option to acquire Umpqua common stock as follows: (i) the number of shares of Umpqua common stock issuable upon exercise of the converted option is equal to the number of shares of Western Sierra common stock issuable upon exercise of the Western Sierra option prior to conversion multiplied by 1.61 and (ii) the exercise price of the converted option is equal to the exercise price of the Western Sierra option prior to conversion divided by 1.61.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

WESTERN SIERRA BANCORP

CIK 0001072688

Entity typeother

Related Parties

1

filerCIK 0001234967

Filing Metadata

Form type: 4
Filed: Jun 4, 8:00 PM ET
Accepted: Jun 5, 2:44 PM ET
Size: 27.0 KB

View on SEC.gov