SEC Form 4 · accession 0000939057-18-000154
BANNER CORP · BANR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith A Western
Officer — Executive VP, Banner Bank
Period of report
Apr 2, 2018
Accepted (ET)
Apr 3, 2018 · 2:46 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 | Apr 2, 2018 | F | 147 | $55.29 | D | 15,781 | D | |
| Common Stock, $.01 par value per shareF3,F4 | Apr 2, 2018 | A | 1,476 | $54.88 | A | 17,257 | D | |
| Common Stock, $.01 par value per shareF5,F4 | Apr 2, 2018 | A | 2,214 | $54.88 | A | 19,471 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares relinquished to cover tax obligation on vesting of 613 shares of restricted stock pursuant to 2014 Omnibus Incentive Plan.
- F2Market price on March 29, 2018.
- F3Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 2, 2018 and ending on the third anniversary thereof. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.
- F4Market price on April 2, 2018.
- F5Represents 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, 2018 and ends on December 31, 2020. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. These restricted stock units are subject to forfeiture and to limits on transferability until they vest.