FORM 4
[ X ] 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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SEIBLY JOHN GREGORY 		2. Issuer Name and Ticker or Trading Symbol

UMPQUA HOLDINGS CORP [ UMPQ ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Former Consumer Bank President
(Last)          (First)          (Middle)

ONE SW COLUMBIA STREET, SUITE 1200 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/11/2016
(Street)

PORTLAND, OR 97258
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/11/2016     J    26.0   (1) A $0.0   293262   D    
Common Stock   5/11/2016     J    102712.0   (2) D $0.0   190550   D    
Common Stock   5/12/2016     G    190550.0   (3) D $0.0   0   D    
Common Stock   5/12/2016     G    190550.0   (3) A $0.0   231287   I   by Trust  
Common Stock                  4794   I   by 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Non-Qualified Stock Option (right to buy)   $12.16   5/11/2016     D         8814.0   (4)   4/29/2014   4/28/2023   Common Stock   8814   $0.0   26444   D    

Explanation of Responses:
( 1)  Shares acquired through Dividend Reinvestment under the former Sterling Bank Employee Stock Purchase Program and transferred to Mr. Seibly's holdings.
( 2)  Restricted Stock Award canceled following termination of employment.
( 3)  Shares contributed to family trust of which Mr. Seibly is the trustee.
( 4)  Portion of stock option forfeited following termination of employment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SEIBLY JOHN GREGORY
ONE SW COLUMBIA STREET, SUITE 1200
PORTLAND, OR 97258

Former Consumer Bank President

Signatures
By: Andrew H. Ognall, Attorney-in-Fact For: J. Gregory Seibly 5/25/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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