X0306 4 2017-04-01 0 0000946673 BANNER CORP BANR 0001231641 GRESCOVICH MARK J 10 SOUTH FIRST AVE. WALLA WALLA WA 99362 0 1 0 0 President and CEO Common Stock, $.01 par value per share 2017-04-01 4 F 0 622 55.955 D 101204 D Common Stock, $.01 par value per share 2017-04-03 4 A 0 7024 54.983 A 108228 D Common Stock, $.01 par value per share 2017-04-03 4 A 0 10536 54.983 A 118764 D Shares relinquished to cover tax obligation on vesting of 2,268 shares of restricted stock pursuant to 2014 Omnibus Incentive Plan. Market price on March 31, 2017. Represents award pursuant to 2014 Omnibus Incentive Plan; shares vest ratably over a three-year period beginning on April 3, 2017 and ending on the third anniversary thereof. These shares are subject to forfeiture and to limits on transferability until they vest. Market price on April 3, 2017. Represents award pursuant to 2014 Omnibus Incentive Plan and is subject to the achievement of specified corporate and individual performance goals over a period that began on January 1, 2017 and ends on December 31, 2019. The extent to which the award vests, if at all, depends on the extent to which the performance goals are satisfied. These shares are subject to forfeiture and to limits on transferability until they vest. /s/Mark J. Grescovich 2017-04-05