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* BAKER MARK N (Last) (First) (Middle) 401 WEST "A" STREET (Street) SAN DIEGO CA 92101 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/26/2006	3. Issuer Name and Ticker or Trading Symbol FIRST COMMUNITY BANCORP /CA/ [ FCBP ]
		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	29,416(1)(3)	I	Baker Trust
Common Stock	31,852(2)(3)	I	401(k)

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Received in exchange for 40,022 shares of Community Bancorp Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger) which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18 per share.

2. Includes 30,852 shares of First Community Bancorp common stock received in exchange for 41,976 shares of Community Bancorp Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger) which was completed on October 26, 2006. Also included are 1,000 shares of First Community common stock held in reporting person's 401(k) plan prior to the effective date of the Merger. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18 per share.

3. The transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, pursuant to, without limitation, Rule 16b-3.

Remarks:

Exhibit 24 -- Power of Attorney

	Mark N. Baker	11/03/2006
	** 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 5 (b)(v).
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