SEC Form 4 · accession 0000939057-16-000712
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James T Reed Jr.
Officer — Executive Vice President
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 11:28 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,F2,F3 | Mar 14, 2016 | A | 531 | $41.89 | A | 10,021 | D | |
| Common Stock, $.01 par value per shareF4,F2,F3 | Mar 14, 2016 | F | 156 | $41.89 | D | 9,865 | D | |
| Common Stock, $.01 par value per shareF5,F2,F3 | Mar 14, 2016 | A | 750 | $41.89 | A | 10,615 | D | |
| Common Stock, $.01 par value per shareF6,F2,F3 | Mar 14, 2016 | F | 221 | $41.89 | D | 10,394 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This award for 1,914 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.
- F3Includes direct ownership of 825 shares through IRA.
- F4Shares relinquished to cover tax obligation on vesting of 531 performance shares.
- F5Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest immediately.
- F6Shares relinquished to cover tax obligation on vesting of 750 shares.