X0101 4 2003-07-03 0 0001027324 MID-STATE BANCSHARES MDST 0001198893 STATHOS JAMES G 0 1 0 0 Exec Vice President/CFO Common Stock 17.9350 2003-07-14 4 J 0 2118 17.9350 A 2000-07-14 2009-07-14 Common Stock 12706 7132 I By Company Common Stock 17.9350 2003-07-14 4 J 0 7882 17.9350 A 2000-07-14 2009-07-14 Common Stock 37294 32868 I By Company Incentive Stock Option (right to buy). 50,000 shares granted as an ISO under the Company's 1996 Stock Option Plan. Due to the $100K limitation, remaining 37,294 shares were issued and treated as a non-qualified stock option. Shares granted at fair market value. Incentive Stock Option granted July 14, 1999 will vest an additional 2,118 shares on July 14, 2003, increasing Mr. Stathos' available shares for exercise to 7,132 shares. These shares have not yet been acquired through the exercise of the option. Incentive Stock Option granted July 14, 1999 vests 20% per year on the anniversary date of the grant for five (5) years at which time the option becomes 100% vested. Optionee has another five (5) years from the 100% vesting anniversary date to exercise the shares in accordance with the terms and conditions of the Company's 1996 Stock Option Plan. No shares under this option grant have been exercised by the individual to date. Additional shares becoming vested and available for exercise by Mr. Stathos at the exercise price of $17.9350 per share. Non-Qualified Stock Option (right to buy). Non-Qualified Stock Option granted July 14, 1999 vests 20% per year on the anniversary date of the grant for five (5) years at which time the option becomes 100% vested. Optionee has another five (5) years from the 100% vesting anniversary date to exercise the shares in accordance with the terms and conditions of the Company's 1996 Stock Option Plan. James G. Stathos 2003-07-03