GOULD ANTHONY J 4
4 · WESTERN SIERRA BANCORP · Filed Jun 5, 2006
Insider Transaction Report
Form 4
Transactions
- Expiration (Short)
Options
2006-06-02−630→ 7,600 totalExercise: $17.61From: 2003-03-20Exp: 2013-03-20→ Common Stock (630 underlying) - Expiration (Short)
Options
2006-06-02−3,600→ 4,000 totalExercise: $28.67From: 2004-03-25Exp: 2014-03-25→ Common Stock (3,600 underlying) - Expiration (Short)
Options
2006-06-02−4,000→ 0 totalExercise: $34.17From: 2005-04-01Exp: 2015-04-01→ Common Stock (4,000 underlying) - Disposition to Issuer
Common Stock
2006-06-02−33,878→ 0 total - Expiration (Short)
Options
2006-06-02−1,170→ 8,230 totalExercise: $15.03From: 2002-06-27Exp: 2012-06-27→ Common Stock (1,170 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.