SEC Form 4 · accession 0000939057-15-000161

BANNER CORP · BANR

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

Reporting owner

Officer — Ex. VP, Banner Bank

Period of report

Mar 27, 2015

Accepted (ET)

Mar 31, 2015 · 11:08 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
Common Stock, $.01 par value per share^F1	Mar 27, 2015	A	884	—	A	5,613	D
Common Stock, $.01 par value per share^F2	Mar 27, 2015	A	1,326	—	A	6,939	D
Common Stock, $.01 par value per share^F3,F4	Mar 30, 2015	F	87	$45.22	D	6,852	D

No Table II lines on this filing.

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.
F3Shares relinquished to cover tax obligations on vesting of 258 shares of restricted stock pursuant to 2012 Restricted Stock and Incentive Bonus Plan.
F4Market price on March 27, 2015.