SEC Form 4 · accession 0000939057-17-000140
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Bennett
Officer — Executive Vice President
Period of report
Apr 1, 2017
Accepted (ET)
Apr 5, 2017 · 11:14 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 | Apr 1, 2017 | F | 131 | $55.955 | D | 6,006 | D | |
| Common Stock, $.01 par value per shareF4,F5,F3 | Apr 3, 2017 | A | 1,169 | $54.983 | A | 7,175 | D | |
| Common Stock, $.01 par value per shareF6,F5,F3 | Apr 3, 2017 | A | 1,753 | $54.983 | A | 8,928 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares relinquished to cover tax obligation on vesting of 480 shares of restricted stock pursuant to 2014 Omnibus Incentive Plan.
- F2Market price on March 31, 2017.
- F3Includes direct ownership of 18 shares through Deferred Compensation Plan. Also includes indirect ownership of 3 shares through son.
- F4Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 3, 2017 and ending on the third anniversary thereof. These shares are subject to forfeiture and to limits on transferability until they vest.
- F5Market price on April 3, 2017.
- F6Represents award pursuant to 2014 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2017 and ends on December 31, 2019. 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.