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 * Mitchell Gregory A   2. Issuer Name and Ticker or Trading Symbol FIRST PACTRUST BANCORP INC [FPTB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO (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 11/01/2010   A   9,598 (1) A $ 0 13,958 D   Common Stock               45,454 I Family Trust

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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

Stock Option (Right to Purchase)

$ 11.35

11/01/2010

A

300,000

(2)

11/01/2020

Common Stock

300,000

$ 0

300,000

D

Stock Option (Right to Purchase)

$ 11.35

(3)

11/01/2020

Common Stock

165,000

165,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Mitchell Gregory A C/O FIRST PACTRUST BANCORP INC 610 BAY BOULEVARD CHULA VISTA, CA 91910	X		President and CEO

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)	Represents grant of restricted stock to the reporting person pursuant to the issuer's 2003 Recognition and Retention Plan. The shares are scheduled to vest in 20% annual increments beginning November 1, 2011.
(2)	Represents grant of option to the reporting person as an inducement material to the reporting person's entering into employment with the issuer. The option is scheduled to vest in one-third annual increments beginning November 1, 2011.
(3)	Represents option granted to the reporting person in recognition of substantial assistance provided by the reporting person to the issuer in connection with the issuer's raising of additional capital. The option is scheduled to vest in one-third annual increments beginning November 1, 2011.

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