Johnson Ken E 4

4 · PLACER SIERRA BANCSHARES · Filed Oct 16, 2007

Form 4

Period: 2007-05-31

EVP, Human Resource Director

Transactions

Disposition to Issuer
Common Stock
2007-06-01−50→ 0 total
Tax Payment
Common Stock
2007-05-31$28.00/sh−392$10,976→ 703 total
Disposition to Issuer
Common Stock
2007-06-01−703→ 0 total
Disposition to Issuer
Common Stock
2007-06-01−629→ 0 total
Disposition to Issuer
Stock option (right to buy)
2007-06-01−6,250→ 0 total
Exercise: $20.00From: 2006-05-17Exp: 2014-08-16→ Common Stock (6,250 underlying)
Disposition to Issuer
Stock option (right to Buy)
2007-06-01−6,250→ 0 total
Exercise: $20.00From: 2005-05-17Exp: 2014-08-16→ Common Stock (6,250 underlying)

Footnotes (11)

[F1]Shares disposed pursuant to a merger between the Issuer and Wells Fargo & Company pursuant to which each share of Issuer common stock was exchanged for 0.7788 shares of Wells Fargo & Company common stock on the effective date of the merger.
[F10]See Footnote 4.
[F11]See Footnote 4.
[F2]See Footnote 1.
[F3]See Footnote 1.
[F4]In the merger of the Issuer and Wells Fargo & Company, each outstanding option to purchase the Issuer's common stock was converted into the right to acquire Wells Fargo & Company common stock on substantially the same terms, except that the number of options was adjusted by multiplying the number of Issuer options by 0.7788, the grnat price was adjusted by dividing the issuer grant price by 0.7788 and the options became immediately exercisable at the effective time of the merger.
[F5]See Footnote 4.
[F6]See Footnote 4.
[F7]See Footnote 4.
[F8]See Footnote 4.
[F9]See Footnote 4.

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