SEC Form 4 · accession 0000939057-17-000332
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Garcia
Officer — Executive VP, Banner Bank
Period of report
Jul 28, 2017
Accepted (ET)
Jul 31, 2017 · 5:33 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,F2 | Jul 28, 2017 | A | 608 | $56.515 | A | 608 | D | |
| Common Stock, $.01 par value per shareF3,F2 | Jul 28, 2017 | A | 912 | $56.515 | A | 1,520 | 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 July 28, 2017 and ending on the third anniversary thereof. These shares are subject to forfeiture and to limits on transferability until they vest.
- F2Market price on July 28, 2017.
- F3Represents 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 July 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.