LARSEN MICHAEL K 4
4 · BANNER CORP · Filed Dec 17, 2004
Insider Transaction Report
Form 4
BANNER CORPBANR
LARSEN MICHAEL K
Exec. VP of Banner Bank
Transactions
- Award
Common Stock, $.01 par value per share
[F1][F2][F3]2004-12-16$31.71/sh+500$15,855→ 79,402 total - Award
Option to Buy Common Stock
[F4]2004-12-16$31.71/sh+2,000$63,420→ 92,796 totalExercise: $31.71From: 2005-12-16Exp: 2014-12-16→ Common Stock (2,000 underlying)
Footnotes (4)
- [F1]Award pursuant to 1996 Management Recognition and Development Plan; shares vest at 20% each year beginning 12/16/05.
- [F2]Market price on December 16, 2004.
- [F3]Includes direct ownership of 3,228 shares through IRA, 1,525 shares through Deferred Compensation Plan and 10,984 shares through Employee Stock Ownership Plan. Also includes indirect ownership of 2,752 shares through spouse's IRA.
- [F4]Options awarded pursuant to 2001 Stock Option Plan; options are exercisable at rate of 20% each year beginning 12/16/05.
Signature
/s/ Michael K. Larsen|2004-12-17