FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * LAUER REGAN J   2. Issuer Name and Ticker or Trading Symbol FIRST PACTRUST BANCORP INC [FPTB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP - Controller (Last) (First) (Middle) 610 BAY BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 03/09/2007 (Street) CHULA VISTA, CA 91910 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/09/2007   S   200 D $ 27.035 11,700 D   Common Stock 03/09/2007   S   200 D $ 27.0098 11,500 D   Common Stock 03/09/2007   S   200 D $ 27.0099 11,300 D   Common Stock 03/09/2007   S   200 D $ 27.005 11,100 D   Common Stock 03/09/2007   S   700 D $ 27 10,400 D   Common Stock 03/09/2007   M   1,500 A $ 17.19 11,900 D   Common Stock               10,837 I 401(k) ESOP

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option ("Right to Purchase")

$ 17.19

03/09/2007

M

1,500

(1)

04/24/2013

Common Stock

1,500

$ 17.19

16,898

D

Employee Stock Option ("Right to Purchase")

$ 20.29

(2)

04/21/2014

Common Stock

3,000

3,000

D

Employee Stock Option ("Right to Purchase")

$ 26.45

(3)

01/25/2015

Common Stock

3,000

3,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LAUER REGAN J 610 BAY BOULEVARD CHULA VISTA, CA 91910			Sr. VP - Controller

Signatures

/s/ James P. Sheehy, power of attorney		03/09/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Option vests if five equal annual installments beginning on April 24, 2004.
(2)	The Option vests in five equal annual installments beginning on April 21, 2005.
(3)	The Option vests in five equal annual installments beginning on January 25, 2006.

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