0001437749-24-031036.txt : 20241010 0001437749-24-031036.hdr.sgml : 20241010 20241010162038 ACCESSION NUMBER: 0001437749-24-031036 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241009 FILED AS OF DATE: 20241010 DATE AS OF CHANGE: 20241010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bolton Jeffrey CENTRAL INDEX KEY: 0001925331 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39036 FILM NUMBER: 241365467 MAIL ADDRESS: STREET 1: 401 DEMERS AVENUE CITY: GRAND FORKS STATE: ND ZIP: 58201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ALERUS FINANCIAL CORP CENTRAL INDEX KEY: 0000903419 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 450375407 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 401 DEMERS AVE CITY: GRAND FORKS STATE: ND ZIP: 58201 BUSINESS PHONE: 7017953200 MAIL ADDRESS: STREET 1: PO BOX 6001 STREET 2: 401 DEMERS AVE CITY: GRAND FORKS STATE: ND ZIP: 58206-6001 FORMER COMPANY: FORMER CONFORMED NAME: FIRST NATIONAL CORP NORTH DAKOTA DATE OF NAME CHANGE: 19980312 4 1 rdgdoc.xml FORM 4 X0508 4 2024-10-09 0000903419 ALERUS FINANCIAL CORP ALRS 0001925331 Bolton Jeffrey 401 DEMERS AVENUE GRAND FORKS ND 58201 1 0 Common Stock 2024-10-09 4 A 0 7729 A 7729 D Common Stock 2024-10-10 4 A 0 1309 0 A 9038 D Received in exchange for 6,183.611 shares of HMN Financial, Inc. ("HMNF") common stock in connection with merger (the "Merger") of HMN Financial, Inc. with and into Alerus Financial Corporation ("Alerus"), effective October 9, 2024 (the "Effective Time"). Pursuant to the terms of the Agreement and Plan of Merger, dated May 14, 2024, between Alerus and HMNF, as of the Effective Time, each issued and outstanding share of HMNF common stock converted into the right to receive 1.25 shares of Alerus common stock, with payment of cash in lieu of fractional shares of Alerus common stock. On the Effective Date, the closing price of HMNF's common stock was $27.99 per share, and the closing price of Alerus' common stock was $22.28 per share. All shares were acquired pursuant to an annual director award issued under the Alerus Financial Corporation 2019 Equity Incentive Plan. Includes 1,309 shares of restricted stock. /s/ Nicholas Brenckman, by power of attorney 2024-10-10