SEC Form 4 · accession 0000939057-16-000709

BANNER CORP · BANR

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

Reporting owner

Officer — President & CEO · Director

Period of report

Mar 14, 2016

Accepted (ET)

Mar 16, 2016 · 11:10 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,F2	Mar 14, 2016	A	3,635	$41.89	A	85,314	D
Common Stock, $.01 par value per share^F3,F2	Mar 14, 2016	F	1,103	$41.89	D	84,211	D
Common Stock $.01 par value per share^F2	Mar 14, 2016	M	11,000	$41.89	A	95,211	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F5	—	Mar 14, 2016	A	11,000	A	—	—	Common Stock, $.01 par value per share	11,000	11,000	D
Restricted Stock Units^F5	—	Mar 14, 2016	D	11,000	D	—	—	Common Stock, $.01 par value per share	11,000	0	D

F1This award for 13,092 performance shares was originally reported on June 5, 2013 at the maximum performance criteria. This supplements that filing to note that the actual number of shares that vested based on the performance results as determined by Banner Corporation's Compensation Committee.
F2Market price on March 14, 2016.
F3Shares relinquished to cover tax obligation on vesting of 3,635 performance shares.
F4Represents shares of common stock acquired to upon vesting of restricted stock units.
F5Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest immediately and are settled on separation from service. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.