Filing Details

Accession Number:
0001140361-16-085188
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-07 17:09:11
Reporting Period:
2016-11-04
Filing Date:
2016-11-07
Accepted Time:
2016-11-07 17:09:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
946673 Banner Corp BANR State Commercial Banks (6022) 911691604
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1235824 C Spencer Fleischer C/O Ffl Partners, Llc
One Maritime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1412164 Friedman Fleischer & Lowe Parallel Fund Iii Lp One Maritime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1412166 Friedman Fleischer & Lowe Capital Partners Iii Lp One Martime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1447193 Ffl Executive Partners Iii Lp One Maritime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1615971 Friedman Fleischer & Lowe Gp Iii, Llc One Martime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1616049 Ffl Individual Partners Iii, L.p. One Maritime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
1616050 Friedman Fleischer & Lowe Gp Iii, L.p. One Martime Plaza, Suite 2200
San Francisco CA 94111
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.01 Par Value Per Share Disposition 2016-11-04 531,301 $43.24 994,493 No 4 S Indirect See footnotes
Common Stock, $0.01 Par Value Per Share Disposition 2016-11-04 352,084 $43.24 659,035 No 4 S Indirect See footnotes
Common Stock, $0.01 Par Value Per Share Disposition 2016-11-04 11,255 $43.24 21,067 No 4 S Indirect See footnotes
Common Stock, $0.01 Par Value Per Share Disposition 2016-11-04 10,360 $43.24 19,393 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value Per Share 697 Direct
Footnotes
  1. Represents award of restricted stock pursuant to 2014 Omnibus Incentive Plan; shares fully vest on April 25, 2017. These shares are subject to forfeiture and to limits on transferability until they vest.
  2. Held directly by Friedman Fleischer & Lowe Capital Partners III, L.P.
  3. Held directly by Friedman Fleischer & Lowe Parallel Fund III, L.P.
  4. Held directly by FFL Individual Partners III, L.P.
  5. Held directly by FFL Executive Partners, L.P.
  6. Each Reporting Person expressly disclaims beneficial ownership of the shares except to the extent of such Reporting Person's pecuniary interest therein. See Exhibit 99.1.
  7. Solely for purposes of Section 16 of the Securities Exchange Act of 1934, each of Friedman Fleischer & Lowe Capital Partners III, L.P., Friedman Fleischer & Lowe Parallel Fund III, L.P., FFL Individual Partners III, L.P., FFL Executive Partners III, L.P., Friedman Fleischer & Lowe GP III, L.P. and Friedman Fleischer & Lowe GP III, LLC (the "FFL Reporting Persons"), may be deemed to be directors-by-deputization by virtue of their right to designate a member of the board of directors of the Issuer. The FFL Reporting Persons designated Spencer C. Fleischer as a member of the board of directors of the Issuer, effective October 1, 2015 pursuant to that certain Investment Letter Agreement, dated as of November 5, 2014, by and between the FFL Funds (as defined in Exhibit 99.1) and the Issuer.