J.S. Investments Limited Partnership Form 4 FIRST INTERSTATE BANCSYSTEM / JAMES R SCOTT 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^*

SCOTT JAMES R

(Last) (First) (Middle)

PO BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST INTERSTATE BANCSYSTEM INC [ FIBK ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2023

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

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

	Form filed by One Reporting Person
X	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
Class A Common Stock	06/01/2023		A		5,668(1)	A	$0	18,319	D
Class A Common Stock								4,388,673(2)	I	see footnote(3)(4)

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

1. Name and Address of Reporting Person^*

SCOTT JAMES R

(Last) (First) (Middle)

PO BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Foundation for Community Vitality

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

J.S. Investments Limited Partnership

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

James F Heyneman Conservatorship, James Scott, Conservator

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

James R & Christine M Scott Foundation

(Last) (First) (Middle)

P.O. BOX 7113

(Street)

BILLINGS MT 59103

(City) (State) (Zip)

Explanation of Responses:

1. Shares issuable upon vesting of restricted stock units granted to the reporting person pursuant to the Registrant's 2023 Equity and Incentive Plan. The restricted stock units vest on June 1, 2024, subject to the reporting persons provision of continuous service to the Registrant through the vesting date.

2. Total Indirect Holdings in James R. Scott's 401(k) dropped by 1,447 shares due to a distribution mandated by the Internal Revenue Code.

3. Composed of 1,970,956 shares held of record by James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs, 16,317 shares held of record by James R Scott's 401k, 35,240 shares held of record by James R and Christine M Scott Foundation, 1,901,036 shares held of record by JS Investments Limited Partnership, 341,749 shares held of record by Foundation for Community Vitality, 73,002 shares held of record by James F Heyneman Conservatorship, James Scott, Conservator, 7,096 shares held of record by James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees, and 43,277 shares held of record by James R. Scott's spouse.

4. 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 James R. Scott with the indication of direct or indirect ownership in Tables I and II being made from James R. Scott's perspective unless expressly noted otherwise by footnote. The nature of beneficial ownership is described in detail by footnote for all reporting persons.

Remarks:

	JAMES R. SCOTT, by /s/ Kirk D. Jensen, Attorney-in-Fact for Reporting Person	06/05/2023
	JAMES F HEYNEMAN TRUST, JAMES SCOTT & FIRST INTERSTATE WEALTH MANAGEMENT CO-TRUSTEES, by: +	06/05/2023
	JAMES F HEYNEMAN CONSERVATORSHIP, JAMES SCOTT, CONSERVATOR, by: +	06/05/2023
	J.S. Investments Limited Partnership, by: +	06/05/2023
	JAMES R AND CHRISTINE M SCOTT FOUNDATION, By: +	06/05/2023
	FOUNDATION FOR COMMUNITY VITALITY, by:+	06/05/2023
	JAMES R SCOTT TRUST, JAMES R SCOTT & FIRST INTERSTATE WEALTH MANAGEMENT CO-TTEES, by +	06/05/2023
	+/s/ Timothy Leuthold, Attorney-in-Fact for Reporting Person	06/05/2023
	** Signature of Reporting Person	Date
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