SEC Form 3 · accession 0001104659-18-045847
First Western Financial Inc · MYFW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel C Thompson
Officer — Regional Pres., Ariz./Calif.
Period of report
Jul 18, 2018
Accepted (ET)
Jul 18, 2018 · 9:00 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 | — | — | — | 18,921 | D | ||
| Common StockF2,F3 | holding | — | — | — | 744 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock Option (right to buy)F4 | $25.00 | holding | — | — | — | — | Jan 24, 2022 | Common Stock | 1,000 | — | D |
| Nonqualified Stock Option (right to buy)F5 | $40.00 | holding | — | — | — | — | Jan 24, 2022 | Common Stock | 3,750 | — | D |
| Nonqualified Stock Option (right to buy)F6 | $20.00 | holding | — | — | — | — | Sep 1, 2023 | Common Stock | 2,000 | — | D |
| Nonqualified Stock Option (right to buy)F7 | $20.00 | holding | — | — | — | — | Apr 4, 2024 | Common Stock | 5,000 | — | D |
| Nonqualified Stock Option (right to buy)F8 | $25.00 | holding | — | — | — | — | Dec 23, 2025 | Common Stock | 3,500 | — | D |
| Nonqualified Stock Option (right to buy)F3,F9 | $25.00 | holding | — | — | — | — | Dec 23, 2025 | Common Stock | 500 | — | I |
| Performance Stock UnitF10 | $0.00 | holding | — | — | — | — | Jun 30, 2022 | Common Stock | 505 | — | D |
Explanation of responses
- F1Includes 2,021 restricted stock units that vest in two substantially equal installments on January 1, 2020, and January 1, 2022, subject to the continued service of the reporting person.
- F10Each 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.
- F2Consists of (i) 645 shares held by the reporting person's spouse and (ii) 99 restricted stock units held by the reporting person's spouse that vest in two substantially equal installments on January 1, 2020, and January 1, 2022, subject to the continued service of the reporting person's spouse.
- F3The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F4The option is currently exercisable. The option previously vested in accordance with its terms.
- F5The option is currently exercisable. The option previously vested in accordance with its terms.
- F6The option is vested as to 1,600 shares, and the remaining 400 shares vest on September 1, 2018, subject to the continued service of the reporting person.
- F7The option is vested as to 4,000 shares, and the remaining 1,000 shares vest on April 4, 2019, subject to the continued service of the reporting person.
- F8The option is vested as to 1,400 shares, and the remaining 2,100 shares vest in three equal annual installments beginning on December 23, 2018, subject to the continued service of the reporting person.
- F9The option is vested as to 200 shares, and the remaining 300 shares vest in three equal annual installments beginning on December 23, 2018, subject to the continued service of the reporting person's spouse.
Remarks
Exhibit 24 - Power of Attorney