Red River Bancshares (RRBI) Form 4 RED RIVER BANCSHARES / Bryon C. Salazar ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Salazar Bryon C.

(Last) (First) (Middle)

1412 CENTRE COURT DRIVE, SUITE 501

(Street)

ALEXANDRIA LA 71301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RED RIVER BANCSHARES INC [ RRBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/11/2021		G(1)	V	275(2)	D	$0(1)	56,975(3)	D
Common Stock	03/12/2021		S		1,000	D	$61.77	55,975(4)	D
Common Stock								12,750(5)	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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. This is a voluntary filing to disclose a transaction involving a bona fide gift of securities. Price is not applicable to dispositions resulting from bona fide gifts.

2. Shares held jointly by the reporting person and his spouse, Tammi R. Salazar.

3. Consists of 47,225 shares in a joint account account with Tammi R. Salazar and 9,750 shares held directly by the reporting person. Includes 2,050 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 730 shares vest on July 1, 2021; (ii) 560 shares vest on July 1, 2022; (iii) 400 shares vest on July 1, 2023; (iv) 240 shares vest on July 1, 2024; and (v) 120 shares vest on July 1, 2025. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. Also includes 1,000 shares previously held by the reporting person's spouse, Tammi R. Salazar, which were distributed on July 15, 2020 to a joint brokerage account shared by the reporting person and his spouse which are now owned directly.

4. Consists of 46,225 shares held in a joint account with Tammi R. Salazar and 9,750 shares held directly by the reporting person. Includes 2,050 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 730 shares vest on July 1, 2021; (ii) 560 shares vest on July 1, 2022; (iii) 400 shares vest on July 1, 2023; (iv) 240 shares vest on July 1, 2024; and (v) 120 shares vest on July 1, 2025. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

5. Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 2,050 shares of unvested restricted stock which vest as follows: (i) 730 shares vest on July 1, 2020; (ii) 560 shares vest on July 1, 2022; (iii) 400 shares vest on July 1, 2023; (iv) 240 shares vest on July 1, 2024; and (v) 120 shares vest on July 1, 2025. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

Remarks:

Executive Vice President, Chief Lending Officer and Director of Red River Bank

	Amanda W. Barnett, as Attorney-in-Fact	03/15/2021
	** 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).
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