4//SEC Filing
GALL GARY D 4
Accession 0001072688-06-000011
CIK 0001072688other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 1:54 PM ET
Size
16.6 KB
Accession
0001072688-06-000011
Insider Transaction Report
Form 4
GALL GARY D
President and CEO
Transactions
- Expiration (Short)
Options
2006-06-02−15,750→ 50,750 totalExercise: $15.03From: 2002-06-27Exp: 2012-06-27→ Common Stock (15,750 underlying) - Expiration (Short)
Options
2006-06-02−15,000→ 20,000 totalExercise: $28.73From: 2004-04-01Exp: 2014-04-01→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2006-06-02−190,767→ 0 total - Expiration (Short)
Options
2006-06-02−17,240→ 66,500 totalExercise: $7.63From: 2001-04-10Exp: 2011-04-10→ Common Stock (17,240 underlying) - Expiration (Short)
Options
2006-06-02−20,000→ 0 totalExercise: $34.77From: 2005-09-02Exp: 2015-09-02→ Common Stock (20,000 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
Issuer
WESTERN SIERRA BANCORP
CIK 0001072688
Entity typeother
Related Parties
1- filerCIK 0001172187
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 1:54 PM ET
- Size
- 16.6 KB