SEC FORM 3

SEC Form 3

FORM 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DEEMS GARY W

(Last)

(First)

(Middle)

401 WEST "A" STREET

(Street)

SAN DIEGO

92101

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/26/2006

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

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	8,005⁽¹⁾⁽⁴⁾	I	G & R Deems Trust
Common Stock	299⁽²⁾⁽⁴⁾	I	Wife's IRA
Common Stock	65,641⁽³⁾⁽⁴⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Received in exchange for 10,892 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.

2. Received in exchange for 407 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.

3. Received in exchange for 89,308 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.

4. The transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to, without limitation, Rule 16b-3.

Remarks:

Exhibit 24 -- Power of Attorney

	Gary W. Deems	11/03/2006
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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