X0202 4 2006-01-26 0 0000356708 FIRST REGIONAL BANCORP FRGB 0001262618 SHERMAN LAWRENCE J 1801 CENTURY PARK EAST LOS ANGELES CA 90067 1 0 0 0 Common Stock 2006-01-26 4 S 0 10000 73 D 38300 D Common Stock 2006-01-05 5 G 0 E 1000 0 D 48300 D Common Stock 2005-07-22 5 G 0 E 1000 81.79 D 49300 D Common Stock 2005-07-22 5 G 0 E 1000 81.79 D 50300 D Stock Option (right to buy) 11.5 2002-12-31 2012-11-01 Common Stock 35000 35000 D Beneficially owned by reporting person through the Lawrence J. and Charlotte P. Sherman Family Trust. Gift made to charitable foundation in the form of a charitable gift annuity. Lifetime annuity based on closing market price of the common stock on the date of the gift, or $81.79. The option was granted on November 12, 2002 under the company's 1999 Stock Option Plan and vests over five years, as follws: 17,500 option shares on December 31, 2002 and 3,500 option shares on December 31 of 2003, 2004, 2005, 2006 and 2007. 4. Power of Attorney filed as Exhibit 24 to reporting person's Form 4, filed April 5, 2004. Steven J. Sweeney, attorney-in-fact for Lawrence J. Sherman (4) 2006-01-27