|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB APPROVAL
|
| [ ] Check box if no longer subject | OMB Number: 3235-0287 | |
| to Section 16. Form 4 or Form | STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | Expires: January 31, 2005 |
| 5 obligations may continue. See Instruction 1(b) | Estimated average burden hours per response....................0.5 | |
| (Print or Type Responses) | Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility |
|
| Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
| 1. Name and Address of Reporting Person* Folz, Paul E. |
2. Issuer Name and Ticker or Trading Symbol Banner Corporation "BANR" |
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director 10% Owner |
||||||||
| (Last) (First) (Middle)
10 South First Avenue |
3. IRS Identification Number of Reporting Person, if an entity (voluntary) | 4. Statement for Month/Day/Year 3/26/03 |
||||||||
| (Street)
Walla Walla, WA 99362 |
5. If Amendment, Date of Original (Month/Year) |
7. Individual or Joint/Group Reporting | ||||||||
| (City) (State) (Zip) | Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||
| 1. Title of Security (Instr. 3) | 2. Trans-action Date (Month/Day/ Year) | 2A. Deemed Execution Date, if any (Month/ Day/Year) |
3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction (s) (Instr. 3 and 4) | 6. Owner-ship Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
Reminder: Report on a separate line for each class
of securities beneficially owned directly or indirectly.
(Over)
*If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
SEC 1474 (3-99)
Potential persons who are to respond to
the collection of information contained in this form are not required
to respond unless the form displays
a currently valid OMB control number.
<PAGE>
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
| 1. Title of Derivative Security (Instr. 3) | 2. Con-version or Exercise Price of Derivative Security | 3. Trans-action Date (Month/ Day/Year) | 3A. Deemed Execution Date (Month/ Day/Year) |
4. Trans-action Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.3, 4, and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Underlying Securities (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of Deriva-tive Se-curities Benefici- ally Owned Following Reported Trans-action(s) (Instr. 4) | 10. Owner-ship Form of Deri-vative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4 ) | ||||
| Code | V | (A) | (D) | Date Exer-cisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Option to Buy Common Stock | 15.67 | 3/26/03 | A | 5,000 | * | 3/26/13 | Common Stock | 5,000 | 19,000 | D | |||||
Explanation of Responses:
Note: File three copies of this Form, one of which must be manually signed. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Page 2
* Options awarded pursuant to 2001 Stock Option Plan; options are exercisable at
rate of 20% each year beginning 3/26/04.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. ** Signature of Reporting Person Date
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
If space provided is insufficient, see Instruction 6 for procedure