SEC Form 4 · accession 0000939057-15-000160
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Bennett
Officer — Exe. VP, Banner Bank
Period of report
Mar 27, 2015
Accepted (ET)
Mar 31, 2015 · 10:56 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000946673
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1,F3 | Mar 27, 2015 | A | 1,070 | — | A | 10,338 | D | |
| Common Stock, $.01 par value per shareF2,F3 | Mar 27, 2015 | A | 1,606 | — | A | 11,944 | D | |
| Common Stock, $.01 par value per shareF4,F5,F3 | Mar 30, 2015 | F | 139 | $45.22 | D | 11,805 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest ratably over a three year period beginning on March 27, 2015 and ending on the third anniversary thereof. These shares are subject to forfeiture and to limits on transferability until they vest.
- F2Represents award pursuant to 2014 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a performance period that begins on January 1, 2015 and ends on December 31, 2017. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. These shares are subject to forfeiture and to limits on transferability until they vest.
- F3Includes direct ownership of 17 shares through Deferred Compensation Plan and 2,233 shares through 401(k) Plan. Also includes indirect ownership of 3 shares through son.
- F4Shares relinquished to cover tax obligations on vesting of 382 shares of restricted stock pursuant to 2012 Restricted Stock and Incentive Bonus Plan.
- F5Market price on March 27, 2015.