<SEC-DOCUMENT>0001179110-12-003833.txt : 20120229
<SEC-HEADER>0001179110-12-003833.hdr.sgml : 20120229
<ACCEPTANCE-DATETIME>20120229193843
ACCESSION NUMBER:		0001179110-12-003833
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120228
FILED AS OF DATE:		20120229
DATE AS OF CHANGE:		20120229

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Courtney Christopher M.
		CENTRAL INDEX KEY:			0001442250

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34142
		FILM NUMBER:		12655177

	MAIL ADDRESS:	
		STREET 1:		125 NORTH THIRD AVENUE
		CITY:			OAKDALE
		STATE:			CA
		ZIP:			95361

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oak Valley Bancorp
		CENTRAL INDEX KEY:			0001431567
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				262326676
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		125 N. THIRD AVE.
		CITY:			OAKDALE
		STATE:			CA
		ZIP:			95361
		BUSINESS PHONE:		209-844-7500

	MAIL ADDRESS:	
		STREET 1:		125 N. THIRD AVE.
		CITY:			OAKDALE
		STATE:			CA
		ZIP:			95361
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-02-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001431567</issuerCik>
        <issuerName>Oak Valley Bancorp</issuerName>
        <issuerTradingSymbol>OVLY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001442250</rptOwnerCik>
            <rptOwnerName>Courtney Christopher M.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>125 NORTH THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OAKDALE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>95361</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <transactionDate>
                <value>2012-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.73</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>132548</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Initial award of restricted stock to executive employee pursuant to Stock Incentive Plan.</footnote>
        <footnote id="F2">Each restricted stock share that is unvested is subject to certain restictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.</footnote>
        <footnote id="F3">The restricted stock will vest as follows:

Vesting Date:     Shares Vested:
2/28/13               3,000
2/28/14               3,000
2/28/15               3,000
2/28/16               3,000
2/28/17               3,000

Subject to 100% acceleration upon retirement at any time before February 28, 2017</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher Courtney</signatureName>
        <signatureDate>2012-02-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
