BANNER CORP 4
4 · BANNER CORP · Filed Jul 5, 2006
Insider Transaction Report
Form 4
BANNER CORPBANR
BLISS TYRONE J
Executive VP, Banner Bank
Transactions
- Award
Phantom Stock Units
2006-07-01+4,250→ 4,250 totalExercise: $38.54→ Common Stock (4,250 underlying)
Footnotes (3)
- [F1]Award of phantom stock units under the Banner Corporation Long-Term Incentive Plan.
- [F2]Market price on July 1, 2006. Upon vesting, phantom stock units settle in cash at the value in excess of the value as of the grant date, plus dividends.
- [F3]Award vests on July 1, 2011. Each unit will be settled on the officer's separation from service, at a specified time or upon 60 months of continuous service, as determined by the officer.