DOWDELL KIRK N 4
4 · WESTERN SIERRA BANCORP · Filed Jun 5, 2006
Insider Transaction Report
Form 4
DOWDELL KIRK N
EVP & CHIEF BANKING OFFICER
Transactions
- Expiration (Short)
Options
2006-06-02−2,731→ 48,297 totalExercise: $5.90From: 2000-04-11Exp: 2010-04-11→ Common Stock (2,731 underlying) - Expiration (Short)
Options
2006-06-02−7,500→ 10,000 totalExercise: $28.67From: 2004-03-25Exp: 2014-03-25→ Common Stock (7,500 underlying) - Expiration (Short)
Options
2006-06-02−10,000→ 0 totalExercise: $34.17From: 2005-04-01Exp: 2015-04-01→ Common Stock (10,000 underlying) - Expiration (Short)
Options
2006-06-02−7,875→ 25,375 totalExercise: $17.61From: 2003-03-20Exp: 2013-03-20→ Common Stock (7,875 underlying) - Expiration (Short)
Options
2006-06-02−7,845→ 53,896 totalExercise: $6.05From: 1997-09-22Exp: 2007-09-22→ Common Stock (7,845 underlying) - Expiration (Short)
Options
2006-06-02−3,472→ 44,825 totalExercise: $7.63From: 2001-04-10Exp: 2011-04-10→ Common Stock (3,472 underlying) - Expiration (Short)
Options
2006-06-02−6,615→ 38,210 totalExercise: $9.62From: 2001-12-11Exp: 2011-12-11→ Common Stock (6,615 underlying) - Expiration (Short)
Options
2006-06-02−4,960→ 33,250 totalExercise: $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 totalExercise: $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.