UNITED STATES
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) |
12/31/07
(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 4 Pages |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James C. Holly |
|||
| 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. |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 SOLE VOTING POWER
513,104 (includes 5,000 vested options shares) 6 SHARED VOTING POWER
0 7 SOLE DISPOSITIVE POWER
483,104 8 SHARED DISPOSITIVE POWER
30,000 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,104 |
|||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
|
|||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.36% |
|||
| 12 | TYPE OF REPORTING PERSON *
IN |
Schedule 13G
| CUSIP No. 82620P102 | 13G | Page 3 of 4 Pages |
| Item 1: |
(a) |
Issuer:
Sierra Bancorp |
||||||||||
| (b) |
Principal Executive Offices:
86 North Main Street, Porterville, CA. 93257 |
|||||||||||
| Item 2: |
(a) |
Person Filing:
James C. Holly |
||||||||||
| (b) |
Address:
86 North Main Street, 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 | |||||||||||
| Item 4: |
(a) | Total Shares Beneficially Owned: 513,104
|
||||||||
| (b) | Percentage of Ownership: 5.36%
|
|||||||||
| (c) | (i) | Shares with Sole Voting Power:
513,104 (includes 5,000 vested option shares) |
||||||||
| (ii) | Shares with Shared Voting Power:
None |
|||||||||
| (iii) | Shares with Sole Investment Power: 483,104
|
|||||||||
| (iv) | Shares with Shared Investment Power:
30,000 (shares held by Holly Farms, LLP) |
|||||||||
| 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 4 of 4 Pages |
Signature
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.
| 2/14/08 |
| Date |
| /s/ James C. Holly |
| Signature |
Schedule 13G