X0306 4 2017-01-31 0 0001077771 UMPQUA HOLDINGS CORP UMPQ 0001646421 Shotwell David F ONE SW COLUMBIA STREET, SUITE 1200 PORTLAND OR 97258 0 1 0 0 EVP/Chief Credit Officer Common Stock 2017-01-31 4 F 0 486 18.31 D 33087 D Common Stock 2017-01-31 4 A 0 12000 0.0 A 45087 D Common Stock 2017-01-31 4 A 0 8000 0.0 A 53087 D Common Stock 2017-02-01 4 F 0 1111 18.16 D 51976 D Common Stock 2017-02-01 4 J 0 7 A 198 I by 401(k) Common Stock 2000 I by IRA Payment of tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. PSA granted 1/31/17. The grant vests three years following the grant date based on the issuer's total shareholder return performance compared to a regional bank stock index and the issuer's return on tangible common equity compared to a group of peers. RSA granted 1/31/17. Beginning on the first anniversary of the grant date, the grant shares vest 33 1/3% per year for three years. Holdings reported include shares acquired in the 401(k)/Profit Sharing plan through dividend reinvestment, payroll deferrals and/or employer contributions in transactions that were exempt under Rule 16b-3(c). Not required. By: Andrew H. Ognall, Attorney-in-Fact For: David F. Shotwell 2017-02-02