UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 4, 2005
TriCo Bancshares
(Exact name of registrant as specified in its charter)
California 0-10661 94-2792841
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or organization)
63 Constitution Drive, Chico, California 95973
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(530) 898-0300
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01: Other Events
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Richard P. Smith, President and Chief Executive Officer of TriCo Bancshares (the
"Company"), has informed the Company that on May 4, 2005, he terminated his
pre-arranged stock trading plan previously adopted on March 30, 2005, relating
to the sale of up to 37,500 shares of the Company's common stock. The plan was
adopted in accordance with the guidelines specified under Rule 10b5-1 under the
Securities Exchange Act of 1934, as amended. No trades were made under the Plan.
Instead, Mr. Smith plans to sell approximately 37,500 shares upon his exercise
of options expiring in June 2005 during the Company's current "trading window"
pursuant to the Company's Policy Concerning Trading in Company Securities.
Mr. Smith currently reports beneficial ownership of 525,386 shares of the
Company's common stock including vested and non-vested stock options, but
excluding shares held by the Company's ESOP of which Mr. Smith is a trustee. The
37,500 shares which are anticipated to be sold by Mr. Smith represent
approximately 7% of his shareholdings.
Mr. Smith has confirmed to the Company that, as required by securities laws, he
will promptly publicly disclose any option exercises and/or stock sales of
Company common stock made by him. Except as may be required by law, the Company
does not undertake to report plans by other Company officers or directors, nor
to report modifications, terminations, transactions or other activities under
the plans of any officer or director.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TRICO BANCSHARES
Date: May 4, 2005 By: /s/ Thomas J. Reddish
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Thomas J. Reddish, Executive Vice
President and Chief Financial Officer
(Principal Financial and Accounting
Officer)