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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
946673	Banner Corp	BANR	State Commercial Banks (6022)	911691604

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1235824	C Spencer Fleischer	C/O Ffl Partners, Llc One Maritime Plaza, Suite 2200 San Francisco CA 94111	Yes	No	No	No
1412164	Friedman Fleischer & Lowe Parallel Fund Iii Lp	One Maritime Plaza San Francisco CA 94111	Yes	No	No	No
1412166	Friedman Fleischer & Lowe Capital Partners Iii Lp	One Martime Plaza, 22Nd Floor San Francisco CA 94111	Yes	No	No	No
1447193	Ffl Executive Partners Iii Lp	One Maritime Plaza, Suite 2200 San Francisco CA 94111	Yes	No	No	No
1615971	Friedman Fleischer & Lowe Gp Iii, Llc	One Martime Plaza, 22Nd Floor San Francisco CA 94111	Yes	No	No	No
1616049	Ffl Individual Partners Iii, L.p.	One Maritime Plaza 22Nd Floor San Francisco CA 94111	Yes	No	No	No
1616050	Friedman Fleischer & Lowe Gp Iii, L.p.	One Martime Plaza, 22Nd Floor San Francisco CA 94111	Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value Per Share	Disposition	2016-11-18	422,693	$48.32	571,800	No	4	S	Indirect	See footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2016-11-18	280,111	$48.32	378,924	No	4	S	Indirect	See footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2016-11-18	8,954	$48.32	12,113	No	4	S	Indirect	See footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2016-11-18	8,242	$48.32	11,151	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value Per Share	697	Direct

Footnotes

Represents award of restricted stock pursuant to 2014 Omnibus Incentive Plan; shares fully vest on April 25, 2017. These shares are subject to forfeiture and to limits on transferability until they vest.
Held directly by Friedman Fleischer & Lowe Capital Partners III, L.P.
Held directly by Friedman Fleischer & Lowe Parallel Fund III, L.P.
Held directly by FFL Individual Partners III, L.P.
Held directly by FFL Executive Partners, L.P.
Each Reporting Person expressly disclaims beneficial ownership of the shares except to the extent of such Reporting Person's pecuniary interest therein. See Exhibit 99.1.
Solely for purposes of Section 16 of the Securities Exchange Act of 1934, each of Friedman Fleischer & Lowe Capital Partners III, L.P., Friedman Fleischer & Lowe Parallel Fund III, L.P., FFL Individual Partners III, L.P., FFL Executive Partners III, L.P., Friedman Fleischer & Lowe GP III, L.P. and Friedman Fleischer & Lowe GP III, LLC (the "FFL Reporting Persons"), may be deemed to be directors-by-deputization by virtue of their right to designate a member of the board of directors of the Issuer. The FFL Reporting Persons designated Spencer C. Fleischer as a member of the board of directors of the Issuer, effective October 1, 2015 pursuant to that certain Investment Letter Agreement, dated as of November 5, 2014, by and between the FFL Funds (as defined in Exhibit 99.1) and the Issuer.