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Filing Details

Accession Number:: 0001140361-12-027977
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-05-31 12:56:51
Reporting Period:: 2012-05-30

Filing Date:: 2012-05-31
Accepted Time:: 2012-05-31 12:56:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1284506	Intermountain Community Bancorp	IMCB	Savings Institution, Federally Chartered (6035)	820499463

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1076204	P L Partners Capital Stadium	199 Elm Street New Canaan CT 06840	Yes	No	Yes	No
1105087	Stadium Capital Management Llc	199 Elm Street New Canaan CT 06840-5321	Yes	No	Yes	No
1427178	Stadium Capital Qualified Partners Lp	199 Elm Street New Canaan CT 06840	Yes	No	No	No
1473001	R Bradley Kent	199 Elm Street New Canaan CT 06840	No	No	Yes	No
1473106	M Alexander Seaver	199 Elm St. New Canaan CT 06840	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-05-30	722,152	$1.00	3,567,959	No	4	P	Indirect	By Stadium Capital Partners, L.P.
Common Stock	Acquisiton	2012-05-30	62,796	$1.00	310,258	No	4	P	Indirect	By Stadium Capital Qualified Partners, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Stadium Capital Partners, L.P.
No	4	P	Indirect	By Stadium Capital Qualified Partners, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Voting Common Stock	Acquisiton	2012-05-30	1,464,540	$1.00	1,464,540	$0.00
Common Stock	Non-Voting Common Stock	Acquisiton	2012-05-30	127,351	$1.00	127,351	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
15,178,733			No	4	P	Indirect
1,319,889			No	4	P	Indirect

Footnotes

Pursuant to the Amended and Restated Securities Purchase Agreements, dated January 20, 2012 (the "Amended Purchase Agreements"), with Intermountain Community Bancorp, each of Stadium Capital Partners, L.P. and Stadium Capital Qualified Partners, L.P. agreed that in the event the rights offering required by the Amended Purchase Agreements (the "Rights Offering") was not fully subscribed, they would purchase shares of Common Stock and Non-Voting Common Stock representing in the aggregate their pro rata shares of the unsubscribed shares of Common Stock (the "Rights Offering Backstop"). On May 29, 2012, pursuant to the Rights Offering Backstop, Stadium Capital Partners, L.P. and Stadium Capital Qualified Partners, L.P. purchased from Intermountain 722,152 shares and 62,796 shares of Common Stock, respectively, and 1,464,540 shares and 127,351 shares of Non-Voting Common Stock, respectively.
The reported securities are owned directly by Stadium Capital Partners, L.P., and indirectly by Stadium Capital Management, LLC as general partner of Stadium Capital Partners, L.P., Alexander M. Seaver as a manager of Stadium Capital Management, LLC, and Bradley R. Kent as a manager of Stadium Capital Management, LLC. Stadium Capital Management, LLC, Alexander M. Seaver and Bradley R. Kent disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein.
The reported securities are owned directly by Stadium Capital Qualified Partners, L.P., and indirectly by Stadium Capital Management, LLC as general partner of Stadium Capital Qualified Partners, L.P., Alexander M. Seaver as a manager of Stadium Capital Management, LLC, and Bradley R. Kent as a manager of Stadium Capital Management, LLC. Stadium Capital Management, LLC, Alexander M. Seaver and Bradley R. Kent disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein.
Expiration date is not applicable.
Exercise date and price are not applicable. Pursuant to Intermountain's Amended and Restated Articles of Incorporation, any holder of Non-Voting Common Stock may convert shares of Non-Voting Common Stock into an equal number of shares of Common Stock in connection with certain transfers of such shares of Non-Voting Common Stock.