Statement of Changes in Beneficial Ownership (4)
June 08 2023 - 5:39PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Salazar Bryon C. |
2. Issuer Name and Ticker or Trading Symbol
RED RIVER BANCSHARES INC
[
RRBI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks |
(Last)
(First)
(Middle)
1412 CENTRE COURT DRIVE, SUITE 501 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/6/2023 |
(Street)
ALEXANDRIA, LA 71301 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/6/2023 | | S | | 531 (1) | D | $52 | 47525 (2) | D | |
Common Stock | 6/6/2023 | | S | | 2200 (3) | D | $52 | 10000 (4) | I | By Spouse |
Common Stock | 6/7/2023 | | S | | 3000 (5) | D | $53 | 44525 (6) | D | |
Common Stock | 6/7/2023 | | S | | 2000 (7) | D | $53 | 8000 (4) | I | By Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Reflects the sale of 531 shares of common stock held directly by the reporting person, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1. |
(2) | Consists of 34,525 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 13,000 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
(3) | Reflects the sale of 2,200 shares of common stock held directly by the reporting person's spouse, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1. |
(4) | Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 2,660 shares of unvested restricted stock granted to the reporting person's spouse which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
(5) | Reflects the sale of 3,000 shares held directly by the reporting person, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1. |
(6) | Consists of 34,525 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 10,000 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
(7) | Reflects the sale of 2,000 shares held directly by the reporting person's spouse, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1. |
Remarks: Executive Vice President, Chief Lending Officer and Director of Red River Bank |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Salazar Bryon C. 1412 CENTRE COURT DRIVE, SUITE 501 ALEXANDRIA, LA 71301 |
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| See Remarks |
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Signatures
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/s/ Julia E. Callis, as Attorney-in-Fact | | 6/8/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who 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. |
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