SEC Form 4 · accession 0000939057-16-000755
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith A Western
Officer — Executive Vice President
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 5:18 pm 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 | Apr 1, 2016 | A | 1,840 | — | A | 27,428 | D | |
| Common Stock, $.01 par value per shareF2 | Apr 1, 2016 | A | 2,760 | — | A | 30,188 | 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 April 1, 2016 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, 2016 and ends on December 31, 2018. 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 forefeiture and to limits on transferability until they vest.