optiongrants_5-2010.htm
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 25, 2010
TriCo Bancshares
(Exact name of registrant as specified in its charter)
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California
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0-10661
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94-2792841
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(State or other jurisdiction of
incorporation or organization)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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63 Constitution Drive, Chico, California
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95973
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(Address of principal executive offices)
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(Zip Code)
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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 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 25, 2010, the Compensation and Management Succession Committee of Board of Directors of TriCo Bancshares (the “Company”) approved the grant of stock options to the Company’s named executive officers listed below. The following table lists the number shares underlying the options granted to each named executive officer to whom an option was granted.
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Name
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Shares Underlying Stock Options Granted Stock Options Granted
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Richard Smith
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100,000
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Thomas Reddish
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25,000
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Dan Bailey
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24,000
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Craig Carney
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20,000
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Richard O’Sullivan
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15,000
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The stock options were granted under the Company’s 2009 Equity Incentive Plan. Each option is exercisable at the price of $17.54 per share (the closing price of the Company’s common stock on Nasdaq on May 25, 2010) and option vests over a period of five years, with one fifth vesting on the first anniversary of the date of grant and the remaining portion vesting ratably on an annual basis over the following four years, subject to the officer’s continuing service to the Company.
SIGNATURES
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.
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TRICO BANCSHARES
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Date: May 27, 2010
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By:
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/s/Thomas J. Reddish
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Thomas J. Reddish, Executive Vice President and Chief FinancialOfficer (Principal Financial and Accounting Officer)
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