X0101 42003-07-011 0000930429 MONTEREY BAY BANCORP INC MBBC 0001186121 JAMES JONI 0100SVP, Director of I.T. Common Stock 2003-07-014J0845.6926.3245D0IBy ESOPStock Option16.262003-07-014J0300026.3245D1988-08-082011-09-10Common Stock30000DStock Option16.822003-07-014J0200026.3245D1988-08-082011-12-20Common Stock20000DCash out of shares held in Employee Stock Ownership Plan pursuant to the Agreement and Plan of Merger by and among Union Bank of California, N.A., UnionBanCal Corporation, Monterey Bay Bank and Monterey Bay Bancorp, Inc. dated April 7, 2003. These options, which provided for vesting in 5 installments beginning September 10, 2002 and December 20, 2002, respectively, were cancelled in the merger in exchange for a cash payment representing the difference between approximately $26.3245 and the exercise price of each such cancelled option. Joni James2003-07-01