Edgar Filing: UMPQUA HOLDINGS CORP

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MASON THEODORE S

2. Issuer Name and Ticker or Trading Symbol
UMPQUA HOLDINGS CORP [UMPQ]

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

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

ONE SW COLUMBIA STREET, SUITE 1200

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2008

(Street)

PORTLAND, OR 97258

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	02/12/2008		M		7,986	A	$ 7.38	87,499	D
Common Stock	02/12/2008		M		7,260	A	$ 7.03	94,759	D
Common Stock	02/12/2008		M		5,084	A	$ 10.85	99,843	D
Common Stock	02/12/2008		M		2,627	A	$ 10.85	102,470	D
Common Stock	02/12/2008		M		242	A	$ 10.85	102,712	D
Common Stock	02/12/2008		M		121	A	$ 10.85	102,833	D
Common Stock	02/12/2008		M		220	A	$ 10.85	103,053	D
Common Stock	02/12/2008		M		110	A	$ 10.85	103,163	D
Common Stock	02/12/2008		M		300	A	$ 10.85	103,463	D
Common Stock	02/12/2008		M		611	A	$ 9.47	104,074	D
Common Stock	02/12/2008		M		306	A	$ 9.47	104,380	D
Common Stock	02/12/2008		M		337	A	$ 9.47	104,717	D
Common Stock	02/12/2008		M		2,640	A	$ 9.47	107,357	D
Common Stock	02/12/2008		M		3,300	A	$ 7.2	110,657	D
Common Stock	02/12/2008		J		1,958	A	⁽¹⁾	5,035 ⁽²⁾	I	by Deferred Comp Pln

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 7.03

02/12/2008

7,260

01/21/1999⁽³⁾

01/21/2009

Common Stock

7,260

$ 0 ⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 7.2

02/12/2008

3,300

03/23/2001⁽³⁾

03/23/2011

Common Stock

3,300

$ 0 ⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 7.38

02/12/2008

7,986

05/09/1999⁽³⁾

05/09/2008

Common Stock

7,986

$ 0 ⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 9.47

02/12/2008

2,640

03/19/2001⁽³⁾

03/19/2010

Common Stock

2,640

$ 0 ⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 9.47

02/12/2008

611

03/29/2000⁽³⁾

03/29/2010

Common Stock

611

$ 0 ⁽¹⁾

26,231

Non-Qualified Stock Option (right to buy)

$ 9.47

02/12/2008

306

03/29/2000⁽³⁾

03/29/2010

Common Stock

306

$ 0 ⁽¹⁾

25,925

Non-Qualified Stock Option (right to buy)

$ 9.47

02/12/2008

337

03/29/2001⁽³⁾

03/29/2010

Common Stock

337

$ 0 ⁽¹⁾

25,588

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

5,084

09/23/1999⁽³⁾

09/23/2009

Common Stock

5,084

$ 0 ⁽¹⁾

3,620

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

2,627

09/23/1999⁽³⁾

09/23/2009

Common Stock

2,627

$ 0 ⁽¹⁾

993

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

242

09/23/1999⁽³⁾

09/23/2009

Common Stock

242

$ 0 ⁽¹⁾

751

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

121

09/23/1999⁽³⁾

09/23/2009

Common Stock

121

$ 0 ⁽¹⁾

630

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

220

09/23/1999⁽³⁾

09/23/2009

Common Stock

220

$ 0 ⁽¹⁾

410

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

110

09/23/1999⁽³⁾

09/23/2009

Common Stock

110

$ 0 ⁽¹⁾

300

Non-Qualified Stock Option (right to buy)

$ 10.85

02/12/2008

300

09/23/1999⁽³⁾

09/23/2009

Common Stock

300

$ 0 ⁽¹⁾

Non-Qualified Stock Option (right to buy)

$ 14.65

06/26/2003⁽³⁾

06/26/2013

Common Stock

2,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MASON THEODORE S ONE SW COLUMBIA STREET, SUITE 1200 PORTLAND, OR 97258	X

Signatures

By: Steven L. Philpott, Attorney in Fact For: Theodore S. Mason		02/13/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Not required.
(2)	Holdings reported include shares acquired pursuant to the Issuer's Director Compensation Plan.
(3)	All options are fully vested.

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