LARSEN MICHAEL K 4
4 · BANNER CORP · Filed Dec 28, 2004
Insider Transaction Report
Form 4
BANNER CORPBANR
LARSEN MICHAEL K
President, Mortgage Division
Transactions
- Exercise/Conversion
Option to buy Common Stock
2004-12-27$31.48/sh−59,779$1,881,843→ 33,017 totalExercise: $12.29From: 1997-07-26Exp: 2006-07-26→ Common stock (59,779 underlying) - Tax Payment
Common stock, $.01 par value per share
2004-12-27$31.48/sh−23,872$751,491→ 79,402 total - Exercise/Conversion
Common stock, $.01 par value per share
2004-12-27$12.29/sh+35,907$441,419→ 115,309 total
Footnotes (4)
- [F1]Market price on December 27, 2004.
- [F2]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.
- [F3]Includes direct ownership of 37,432 shares through Deferred Compensation Plan as a result of surrender of 35,907 options into the Plan.
- [F4]Options vest at rate of 20% per year from date of grant on 7/26/96.