SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Wilson Margaret Faye (Last) (First) (Middle) 900 CANTERBURY PLACE SUITE 300 (Street) ESCONDIDO CA 92025 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol COMMUNITY BANCORP INC [ CMBC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/26/2006
	4. If Amendment, Date of 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

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 - Community Bancorp Inc.	10/26/2006(1)		D		1,380	D	$39.82	0	D
Common Stock - Community Bancorp Inc.	10/26/2006(1)		D		2,381	D	$39.82	0	I	by Trust

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 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: 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)	$15.05	10/26/2006(2)		D			2,740	10/01/2004(3)	08/26/2013	Common Stock - Community Bancorp Inc.	2,740	$42.0053	0	D
Non-Qualified Stock Option (right to buy)	$16.76	10/26/2006(2)		D			2,609	10/01/2004(3)	06/15/2014	Common Stock - Community Bancorp Inc.	2,609	$42.0053	0	D
Non-Qualified Stock Option (right to buy)	$25.87	10/26/2006(2)		D			5,000	(3)	10/01/2014	Common Stock - Community Bancorp Inc.	5,000	$42.0053	0	D
Non-Qualified Stock Option (right to buy)	$29.75	10/26/2006(2)		D			1,000	12/31/2005(3)	01/26/2015	Common Stock - Community Bancorp Inc.	1,000	$42.0053	0	D
Non-Qualified Stock Option (right to buy)	$36.06	10/26/2006(2)		D			1,000	12/31/2006(3)	02/22/2016	Common Stock - Community Bancorp Inc.	1,000	$42.0053	0	D

Explanation of Responses:

1. Shares disposed at a fixed exchange ratio of 0.735 shares of First Community common stock (FCBP) for each share of Community National Bank common stock (CMBC) due to merger

2. Cancelled and cashed out at a FV of $42.0053 (15 day average of FCBP of $57.15 times 0.735 per definitive merger agreement) due to merger

3. Vesting accelerated due to merger with FCPB

	By: Jennifer P. Scheller, Power of Attorney For: Margaret Faye Wilson	10/30/2006
	** 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).
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