Romine Michael J. 4

4 · INTERMOUNTAIN COMMUNITY BANCORP · Filed May 25, 2012

Form 4

Period: 2012-05-24

Director

Transactions

Conversion
Mandatorily Conv Cumulative Part Pref Stock, Series B
2012-05-24$50.00/sh−29,864.74$1,493,237→ 0 total
Exercise: $1.00→ Non-Voting Common Stock (1,493,237 underlying)
Conversion
Non-Voting Common Stock
2012-05-24+1,493,237→ 1,493,237 total

Holdings

Common Stock
(indirect: By LLC)
503,203
Director Stock Option
Exercise: $13.19Exp: 2014-05-01→ Common Stock (158 underlying)
908
Common Stock
508,585
Common Stock
(indirect: By Spouse)
5,454

Footnotes (3)

[F1]29,864.74 shares of Mandatorily Convertible Participating Preferred Stock, Series B were automatically converted into 1,493,237 shares of Non-Voting Common Stock on May 24, 2012, following shareholder approval on May 17, 2012 of an amendment to the Company's Articles of Incorporation authorizing shares of Non-Voting Common Stock. The original cost basis of the Preferred Stock, Series B was $50 per share, with a resulting cost basis of $1 per share at the conversion ratio of 50:1.
[F2]The Preferred Stock, Series B was automatically convertible upon receiving shareholder approval of the article amendment and had no expiration date.
[F3]The option vested in five equal annual installments beginning on May 1, 2005 and the price and number of shares were adjusted for a 3:2 stock dividend in March 2005 and 10% stock dividends in May 2006 and 2007.

Documents

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