SEC Form 4 · accession 0001707463-18-000006
NORTHRIM BANCORP INC · NRIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Martin
Officer — EVP, Gen Counsel & Corp Sec
Period of report
Nov 28, 2018
Accepted (ET)
Nov 30, 2018 · 3:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163370
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 28, 2018 | A | 1,549 | $37.06 | A | 5,858 | D | |
| Common StockF1 | holding | — | — | — | 280 | I | By 401(K) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nso Employee Stock Option (Right to Buy)F2 | $37.06 | Nov 28, 2018 | A | 2,487 | A | Nov 28, 2019 | Nov 28, 2028 | Common Stock | 2,487 | 2,487 | D |
Explanation of responses
- F1The reporting person's interest in the Northrim Stock Fund of the Northrim Bank Savings Incentive Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the Northrim Stock Fund.
- F2One-third of the total amount of such options granted shall vest (ie. become exercisable) each year beginning with this date.