SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Glick Simon

(Last)

(First)

(Middle)

5335 MEADOWS ROAD, SUITE 201

(Street)

LAKE OSWEGO

97035

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/19/2010

3. Issuer Name and Ticker or Trading Symbol
WEST COAST BANCORP /NEW/OR/ [ WCBO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,285,000	I	By GF Financial, LLC⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series B Mandatorily Convertible Participating Pref Stock	⁽²⁾	⁽³⁾	Common Stock	439,100	$2⁽⁴⁾	I	By GF Financial LLC⁽¹⁾
Class C Warrant⁽⁵⁾	⁽²⁾⁽⁵⁾	10/23/2016	Common Stock	2,750,000⁽⁵⁾	$2⁽⁴⁾	I	By GF Financial, LLC⁽¹⁾

Explanation of Responses:

1. Mr. Glick is the managing member and 55% owner of Siget, L.L.C., which is general partner of Diaco Investments, L.P. Diaco Investments, L.P. owns 90% of GF Financial, LLC.

2. The Series B Mandatorily Convertible Participating Preferred Stock (the "Series B Preferred Stock") is mandatorily convertible into Common Stock, but only if sold to unaffiliated third parties in a widely dispersed offering. GF Financial, LLC's holdings of Series B Preferred Stock are not redeemable and will never be convertible in the hands of GF Financial, LLC.

3. Not applicable.

4. Subject to adjustment as set forth in the terms of the security.

5. The Class C Warrant is exercisable for 55,000 shares of Series B Preferred Stock, which is convertible into 2,750,000 shares of Common Stock.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney

	Richard R. Rasmussen, as attorney-in-fact	03/25/2010
	** 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 5 (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.
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