Schedule 13G Amendment No. 2

 

SECURITIES & EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)

 

Sierra Bancorp


(Name of Issuer)

Common Stock


(Title of Class of Securities)

 

 

82620P102

                                (Cusip Number)                                 

12/31/06


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d - 1(b)

¨ Rule 13d - 1(c)

x Rule 13d – 1(d)


CUSIP No. 82620P102   13G  

Page 2 of 5 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

   
   
                Morris A. Tharp    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (A)  ¨  
    (B)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
   
                U.S.A.    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    SOLE VOTING POWER
 
              496,915
    6    SHARED VOTING POWER
 
              5,280
    7    SOLE DISPOSITIVE POWER
 
              491,635
    8    SHARED DISPOSITIVE POWER
 
              0
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
   
                502,195    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *  
            
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
   
                5.06%    
12   TYPE OF REPORTING PERSON *  
   
                Individual    

Schedule 13G


CUSIP No. 82620P102   13G  

Page 3 of 5 Pages

 

Item 1:

 

(a)

   Issuer:      
     Sierra Bancorp      
 

(b)

   Principal Executive Offices:      
    

86 North Main Street,

Porterville, CA. 93257

     

Item 2:

 

(a)

   Person Filing:      
     Morris A. Tharp      
 

(b)

   Address:      
     15243 Road 192, Porterville, CA 93257      
 

(c)

   Citizen of the U.S.A.      
 

(d)

   Class of Securities:      
     Common Stock, no par value      
 

(e)

   Cusip #82620P102      

Item 3:

  N/A   

Schedule 13G


CUSIP No. 82620P102   13G  

Page 4 of 5 Pages

 

Item 4:

  (a)    Total Shares Beneficially Owned:      
     502,195      
  (b)    Percentage of Ownership:      
     5.06%      
  (c)    (i)    Shares with Sole Voting Power:      
        496,915 (includes 62,500 vested option shares and 5,215 shares held as trustee for the grandchildren of another director of the Company, as to which shares Mr. Tharp has sole voting but no investment power)      
     (ii)    Shares with Shared Voting Power:      
        5,280 (shares held by spouse as separate property)      
     (iii)    Shares with Sole Dispositive Power:      
        491,635 (includes 62,500 vested option shares)      
     (iv)    Shares with Shared Dispositive Power:      
        None      

Item 5:

  N/A      

Item 6:

  N/A      

Item 7:

  N/A   

Item 8:

  N/A      

Item 9:

  N/A      

Item 10:

  N/A      

Schedule 13G


CUSIP No. 82620P102   13G  

Page 5 of 5 Pages

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

2/13/07

Date

/s/ Morris A. Tharp

Signature
Morris A. Tharp
Name/Title

Schedule 13G