SEC Form 5 · accession 0000939057-15-000387
First Northwest Bancorp · FNWB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Scott Davis
Officer — Executive VP, COO
Period of report
Jun 30, 2015
Accepted (ET)
Aug 6, 2015 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001556727
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Feb 3, 2015 | P | 4,007 | $12.14 | A | 4,007 | I | By 401K Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is filing this Form 5 to clarify the information included in the Form 4 filed on February 4, 2015 regarding holdings under the First Federal Savings and Loan Association of Port Angeles 401(k) Plan (the "401k Plan"). Specifically, holdings under the 401k Plan are reported in units, instead of shares. The units consist of shares of First Northwest Bancorp common stock and a liquidity cash component. As a result, the number of underlying shares my fluctuate from time to time. Therefore, following the initial purchase of shares by the 401k Plan as reported on the reporting person's Form 4, the shares automatically rebalanced to reflect units instead of shares. Accordingly, the securities set forth in Columns 4 and 5 of Table I of this Form 5 reflect the units held by the reporting person as of June 30, 2015.