SEC Form 3 · accession 0001104659-18-045845
First Western Financial Inc · MYFW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary B Lutz
Officer — President of Product Groups
Period of report
Jul 18, 2018
Accepted (ET)
Jul 18, 2018 · 8:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001327607
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 2,778 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF2 | $0.00 | holding | — | — | — | — | Jun 30, 2022 | Common Stock | 1,389 | — | D |
Explanation of responses
- F1Consists of 2,778 restricted stock units that vest in two equal installments on June 30, 2020, and June 30, 2022, subject to the continued service of the reporting person.
- F2Each performance stock unit represents a contingent right to receive one share of First Western Financial, Inc. common stock, no par value ("Common Stock"). The performance stock units vest, if at all, based upon (i) the market price of each share of Common Stock during the period ending June 30, 2020, and (ii) the continued service of the reporting person through June 30, 2022.
Remarks
Exhibit 24 - Power of Attorney