John M. Heyneman Jr. - 25 Mar 2022 Form 4 Insider Report for FIRST INTERSTATE BANCSYSTEM INC (FIBK)

Role: Director, 10%+ Owner
Signature: JOHN M. HEYNEMAN, JR., By:**
Issuer symbol: FIBK
Transactions as of: 25 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 29 Mar 2022, 19:26:02 UTC
Previous filing: 22 Mar 2022
Next filing: 02 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FIBK	Class A Common Stock	Conversion of derivative security	$0	+15,000	+270%	$0.000000	20,554	25 Mar 2022	Direct	F1
transaction	FIBK	Class A Common Stock	Conversion of derivative security	$0	+1,400,617	+51779%	$0.000000	1,403,322	25 Mar 2022	see footnote	F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FIBK	Class B Common Stock	Conversion of derivative security	$0	-15,000	-100%	$0.000000^*	0	25 Mar 2022	Class A Common Stock	15,000	$0.000000	Direct	F1
transaction	FIBK	Class B Common Stock	Conversion of derivative security	$0	-1,400,617	-100%	$0.000000^*	0	25 Mar 2022	Class A Common Stock	1,400,617	$0.000000	see footnote	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Issuer's amended and restated articles of incorporation, as amended, because the aggregate number of shares of Class B common stock constituted less than twenty percent (20%) of the aggregate number of shares of the Issuer's issued and outstanding common stock as of March 25, 2022, the record date of the Issuer's 2022 annual meeting of shareholders, each outstanding share of Class B common stock was automatically converted into one share of Class A common stock.
F2	Composed of 775 shares held of record by John Heyneman, Jr.'s spouse, 890 shares held by Child 1, 1070 by Child 2, 139,921 shares held of record by John M Heyneman Jr. Trust, 85,836 shares held of record by Riki Rae Scott Davidson & John Heyneman Jr., Trustees FBO Riki Scott Davidson Exemption Trust Under the Scott Family 1996 Trust, 85,836 shares held of record by Rae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust, 1,085,792 shares held of record by Towanda Investments Limited Partnership, and 3,232 shares held of record by John Heyneman, Jr.'s spouse.
F3	As a result of certain agreements entered into by and among the reporting persons, the Issuer, and certain other stockholders of the Issuer, the reporting persons may be deemed members of a group with the other signatories thereto and may be deemed to share beneficial ownership of the securities reported herein. Each of the reporting persons disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein. The reporting persons expect to file future Forms 4 and 5, if any, together with John Heyneman, Jr. with the indication of direct or indirect ownership in Tables I and II being made from John Heyneman, Jr.'s perspective. The nature of beneficial ownership is described in detail by footnote for all reporting persons. (by see footnote)
F4	Composed of 139,921 shares held of record by John M Heyneman Jr. Trust, 85,836 shares held of record by Riki Rae Scott Davidson & John Heyneman Jr., Trustees FBO Riki Scott Davidson Exemption Trust Under the Scott Family 1996 Trust, 85,836 shares held of record by Rae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust, 1,085,792 shares held of record by Towanda Investments Limited Partnership, and 3,232 shares held of record by John Heyneman, Jr.'s spouse.