Heritage Oaks Bancorp (HEOP) Form 4 HERITAGE OAKS BANCORP / Timothy Joseph Stronks ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Stronks Timothy Joseph

(Last) (First) (Middle)

1222 VINE STREET

(Street)

PASO ROBLES CA 93446

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HERITAGE OAKS BANCORP [ HEOP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2017

4. If Amendment, Date of 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

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	03/02/2017		A(1)		638	A	$13.95	6,631	D
Common stock(4)	03/02/2017		D(1)		638	D	$13.95	637	I	Restricted stock
Common stock(5)								3,333	I	Restricted stock

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 Securities Underlying Derivative Security (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: 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
Stock option	$7.84							03/02/2016(2)	03/02/2025	Common stock	4,613		39,083	D
Stock option	$7.01							09/02/2015(2)	09/02/2024	Common stock	8,364		34,470	D
Stock option	$7.75							03/03/2015(2)	03/03/2024	Common stock	3,734		26,106	D
Stock option	$6.65							08/01/2014(2)	08/01/2023	Common stock	4,263		22,372	D
Stock option	$5.73							09/01/2013(2)	09/01/2022	Common stock	6,596		18,109	D
Stock option	$3.1							09/01/2011(3)	09/01/2020	Common stock	11,513		11,513	D

Explanation of Responses:

1. Vesting of restricted stock award. Taxes paid by executive.

2. Options vest equally over a four year period beginning on the dated indicated.

3. Options vest equally over a three year period beginning on the dated indicated.

4. Restricted stock award vests equally over three years, beginning on March 2, 2016.

5. Restricted stock award vests equally over three years, beginning on April 1, 2017.

	Bryon Layes Attorney-in-fact for Timothy Joseph Stronks	03/06/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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