SEC Form 4 · accession 0000939057-16-001040
First Financial Northwest, Inc. · FFNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary F Kohlwes
Director
Period of report
Oct 19, 2016
Accepted (ET)
Oct 20, 2016 · 1:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001401564
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Oct 19, 2016 | M | 60,000 | $9.78 | A | 173,742 | D | |
| Common Stock, $0.01 par valueF1 | Oct 19, 2016 | F | 40,496 | $14.49 | D | 133,246 | D | |
| Common Stock, $0.01 par valueF2 | holding | — | — | — | 9,000 | I | For Grand-children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $9.78 | Oct 19, 2016 | M | 60,000 | D | — | Jul 13, 2018 | Common Stock | 60,000 | 37,940 | D |
Explanation of responses
- F1Includes 2,342 shares of restricted stock awarded pursuant to the First Financial Northwest, Inc. 2016 Equity Incentive Plan, 41,400 shares held in an IRA and 25,000 shares held by spouse.
- F2Shares held by reporting person for grandchildren pursuant to the Washington Uniform Transfers to Minors Act.
- F3Vested in equal installments of 20% per year beginning on July 3, 2009 and ending on July 3, 2013.