<PAGE> 1
- -------- ------------------------------
FORM 3 OMB APPROVAL
- -------- ------------------------------
OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ...... 0.5
------------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF 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(f)
of the Investment Company Act of 1940
<TABLE>
<S> <C> <C> <C>
(Print or Type Responses)
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Metro, Charles E. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) (Month/Day/Year)
(Last) (First) (Middle) Redding Bancorp
c/o Redding Bancorp 2/2/99 ---------------------------------- -----------------------
1951 Churn Creek Road ---------------------------- 5. Relationship of Reporting 7. Individual or Joint/
- ---------------------------------------- 3. IRS or Social Security Person(s) to Issuer Group Filing (Check
(Street) Number of Reporting (Check all applicable) applicable line)
Redding, CA 96002 Person (Voluntary) X Director 10% Owner X Form filed by
- -------------------------------------- ----- ----- ----- One Reporting
(City) (State) (Zip) ---------------------------- Officer Other Person
----- (give ----- (specify Form filed by
title below) below) ----- More than One
Reporting Person
----------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 18,750 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 47,250 (1) I By Charles E. Metro
Investment Co. Profit
Sharing Plan
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473 (7/96)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security
------------------------------------------------- Direct
Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option (right to buy) * 4/22/08 Common Stock 27,000 $9.07 D
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) The reported shares are held by Charles E. Metro Investment Co.
Profit Sharing Plan. Charles E. Metro is a trustee of the Charles E.
Metro Investment Co. Profit Sharing Plan.
* The option becomes exercisable as to 20% of the shares on 4/22/99 and
vests in increments of 20% of the shares annually thereafter such that
the option will be fully exercisable on 4/22/03.
/s/ Charles E. Metro 1/13/99
** Intentional misstatements or omissions of facts constitute Federal ------------------------------- ------------------
Criminal Violations. **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2
SEC 1473 (7-96)
</TABLE>
