First Northern Community Bancorp (FNRN) Form 4 FIRST NORTHERN COMMUNITY BANCORP / Jeffrey A Adamski 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^*

Adamski Jeffrey A

(Last) (First) (Middle)

195 N. FIRST STREET

P.O. BOX 547

(Street)

DIXON CA 95620

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST NORTHERN COMMUNITY BANCORP [ FNRN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP/Senior Loan Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2023

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	08/15/2023		F/K		12,338	D	$9.45	81,531	D
Common Stock	08/15/2023		M/K(1)		5,372	A	$4.87	81,531	D
Common Stock	08/15/2023		M/K(2)		4,474	A	$5.3	81,531	D
Common Stock	08/15/2023		M/K(3)		11,769	A	$5.67	81,531	D
Common Stock	08/15/2023		M		5	A	$4.87	81,531	D

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
Employee Stock Option (right to purchase)	$4.87	08/15/2023		M(4)		5,372		02/21/2018	02/21/2024	Common Stock	5,377	$4.87	0	D
Employee Stock Option (right to purchase)	$4.87	08/15/2023		M(4)		5		02/21/2018	02/21/2024	Common Stock	5,377	$4.87	0	D
Employee Stock Option (right to purchase)	$5.3	08/15/2023		M(4)		4,474		02/17/2019	02/17/2025	Common Stock	4,474	$5.3	0	D
Employee Stock Option (right to purchase)	$5.67	08/15/2023		M(4)		11,769		02/18/2020	02/18/2026	Common Stock	11,769	$5.67	0	D

Explanation of Responses:

1. Swapped 2,768 aged shares at $9.45 for 5,372 Option shares at $4.87 to gain 2,604 shares.

2. Swapped 2,509 aged shares at $9.45 for 4,474 Option shares at $5.30 to gain 1,965 shares.

3. Swapped 7,061 aged shares at $9.45 for 11,769 Option shares at $5.67 to gain 4,708 shares.

4. Stock Options granted vest 0% upon their grant and 25% annually over 4 years.

	/s/ Devon Camara-Soucy	08/17/2023
	** 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).
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