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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ...... 0.5
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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
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<S> <C> <C> <C>
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticket or 6. If Amendment, Date
Mayer, Michael C. Statement Trading Symbol of Original
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(Last) (First) (Middle) Redding Bancorp
2/2/99 ---------------------------------- -----------------------
c/o Redding Bancorp ---------------------------- 5. Relationship of Reporting 7. Individual or Joint/
1951 Churn Creek Road 3. IRS or Social Security Person(s) to Issuer Group Filing (Check
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(Street) Person (Voluntary) X Form filed by
Director 10% Owner ----- One Reporting
Redding, CA 96002 ---------------------------- ----- ----- Person
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(City) (State) (Zip) ----- (give ----- (specify ----- More than One
title below) below) Reporting Person
Executive Vice President and
Chief Credit Officer
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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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. 4)
(Instr. 5)
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Common Stock 3,000 D
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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 5(b)(v). (Over)
SEC 1473 (7/96)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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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
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Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
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Employee Stock Option * 4/22/08 Common Stock 22,500 $10.67 D
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Explanation of Responses:
* 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/ Michael C. Mayer 12/17/98
** Intentional misstatements or omissions of facts constitute Federal ------------------------------- ------------------
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **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.
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SEC 1473 (7-96)
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