X0306 4 2017-04-03 0 0000946673 BANNER CORP BANR 0001679034 Kohler Kayleen R 10 SOUTH FIRST AVENUE WALLA WALLA WA 99362 0 1 0 0 Executive VP, Banner Bank Common Stock, $.01 par value per share 2017-04-03 4 A 0 1147 54.983 A 1872 D Common Stock, $.01 par value per share 2017-04-03 4 A 0 1720 54.983 A 3592 D 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/Kayleen R. Kohler 2017-04-05