Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CARRILLO RACHEL M
  2. Issuer Name and Ticker or Trading Symbol
FIRST PACTRUST BANCORP INC [FPTB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP - Branch Operations
(Last)
(First)
(Middle)
C/O FIRST PACTRUST BANCORP, INC., 610 BAY BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2010
(Street)

CHULA VISTA, CA 91910
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               14,846 I 401(k) ESOP

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Purchase) $ 17.19 11/01/2010   D     16,798   (1) 04/24/2013 Common Stock 16,798 $ 3 (2) 0 D  
Employee Stock Option (Right to Purchase) $ 20.29 11/01/2010   D     4,000   (3) 04/21/2014 Common Stock 4,000 $ 3 (2) 0 D  
Employee Stock Option (Right to Purchase) $ 26.45 11/01/2010   D     3,000   (4) 01/25/2015 Common Stock 3,000 $ 3 (2) 0 D  
Employee Stock Transaction $ 17 11/01/2010   D     2,000   (5) 01/22/2018 Common Stock 2,000 $ 3 (2) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CARRILLO RACHEL M
C/O FIRST PACTRUST BANCORP, INC.
610 BAY BOULEVARD
CHULA VISTA, CA 91910
      SVP - Branch Operations  

Signatures

 /s/ James P. Sheehy, Attorney-in-fact   11/03/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) The option vested in five equal annual installments beginning on April 24, 2004.
(2) The option was canceled by mutual agreement of the reporting person and the issuer. The reporting person received $3.00 per share as consideration for the cancellation. Such cancellation and the cancellation price were as required under the terms of the subscription agreements with investors for the private placement of the issuer's common stock completed on November 1, 2010.
(3) The option vested in five equal annual installments beginning on April 24, 2005.
(4) The option vested in five equal annual installments beginning on January 25, 2006.
(5) The option vested in five equal annual installments beginning on January 22, 2009.

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