SEC Form 4 · accession 0001104659-18-056491

First Western Financial Inc · MYFW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Joseph C. Zimlich

Director

Period of report

Sep 10, 2018

Accepted (ET)

Sep 12, 2018 · 8:06 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 Stock^F1,F2	Sep 10, 2018	M	875	—	A	25,262	D
Common Stock^F1,F3	Sep 10, 2018	M	8,772	—	A	90,146	I	By Bohemian Investments, LLC
Common Stock^F4	holding	—	—		—	108,597	I	By BOCO Investments, LLC
Common Stock^F5	holding	—	—		—	114,441	I	By L. Lee Stryker Irrevocable Trust UAD 09-10-1974

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Make Whole Right^F1	$0.00	Sep 10, 2018	M	—	D	—	—	Common Stock	875	0	D
Make Whole Right^F1,F3	$0.00	Sep 10, 2018	M	—	D	—	—	Common Stock	8,772	0	I

Explanation of responses

F1First Western Financial, Inc. (the "Company") issued such shares of the Company's common stock, no par value, pursuant to Make Whole Rights described in the prospectus filed with the SEC pursuant to Rule 424(b)(4) on July 19, 2018.
F2Includes 701 restricted stock units that vest in two substantially equal installments on January 1, 2021, and January 1, 2023, subject to the continued service of the reporting person.
F3The reporting person serves as Managing Member of the sole member of Bohemian Investments, LLC, and has voting and dispositive power over the shares held by Bohemian Investments, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
F4The reporting person serves as President of the Managing Member of BOCO Investments, LLC and has voting and dispositive power over the shares held by BOCO Investments, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
F5The reporting person serves as President of Bohemian Asset Management, LLC, which is the agent for PS Family Advisors, LLC, and is authorized to make investment decisions on behalf of the L. Lee Stryker Irrevocable Trust UAD 09-10-1974. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act or for any other purpose.