SEC FORM 4

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, Section 17(a) of the Public Utility Holding Company Act of 1935 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^*

EGGEMEYER JOHN M III

(Last)

(First)

(Middle)

P.O. BOX 1329

(Street)

RANCHO SANTA FE

92067

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY BANCORP /CA/ [ FCBP ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/15/2006		A		741	A	$53.218	52,951	I	Director's plan ^{( 1 )}
Common Stock	12/18/2006		A		52	A	$52.5291	53,003 ^{( 3 )}	I	Directors Plan ^{( 1 )}
Common Stock								1,386,195	I	Castle Creek Capital Funds ^{( 2 )}
Common Stock								386,592	D
Common Stock								2,646	I	As Trustee

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options	$9.5							04/15/1997	04/15/2007	Common Stock	39,500		39,500	D

Explanation of Responses:

1. Represents the right to receive value equivalent to stated number of shares of First Community Bancorp common stock under First Community's Directors Deferred Compensation Plan settlable in shares of First Community common stock.

2. In addition to John M. Eggemeyer, III, this form is filed by Eggemeyer Advisory Corp. ("EAC"); William J. Ruh; WJR Corp.; Castle Creek Capital, LLC; Castle Creek Capital Partners Fund I, LP; Castle Creek Capital Partners Fund IIa, LP; and Castle Creek Capital Partners Fund IIb, LP (the "Castle Creek Funds"). Castle Creek Capital, LLC is the sole general partner of the Castle Creek Funds. Accordingly, securities owned by Fund I, Fund IIa and Fund IIb may be regarded as being beneficially owned by Castle Creek Capital, LLC. EAC and WJR Corp. are controlling persons of Castle Creek Capital, LLC. Accordingly, securities owned by Castle Creek Capital, LLC may be regarded as being beneficially owned by Eggemeyer Advisory Corp. and WJR Corp. Mssrs Eggemeyer and Ruh are the sole shareholders of EAC and WJR Corp, respectively.

3. Includes 689 common stock equivalents previously reported in Table II (transaction date, 9/15/06)

	John M. Eggemeyer	12/20/2006
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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