R & Christine M Scott Foundation James Form 4 FIRST INTERSTATE BANCSYSTEM / R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs James 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)
03/25/2022

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	03/25/2022		C(1)		4,355,343	A	$0	4,426,760(2)	I	see footnote(2)(3)
Class A Common Stock								11,075	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
Class B Common Stock	$0.0	03/25/2022		C(1)			4,355,343	(1)	(1)	Class A Common Stock	4,355,343(4)	$0	0	I	see footnote(3)(4)

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 30918

(Street)

BILLINGS MT 59116

(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 30918

(Street)

BILLINGS MT 59116

(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. 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.

2. Composed of 2,008,185 shares held of record by James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs, 35,240 shares held by record by James R and Christine M Scott Foundation, 1,901,036 shares held by record by JS Investments Limited Partnership, 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, 17,764 shares held of record by James R Scott's 401k, and 340,571 shares held of record by Foundation for Community Vitality, and 43,866 shares held of record by James R. Scott's spouse.

3. 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. The nature of beneficial ownership is described in detail by footnote for all reporting persons.

4. Composed of 1,972,462 shares held of record by James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs, 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, 322,641 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 43,866 shares held of record by James R. Scott's spouse.

Remarks:

	JAMES R. SCOTT, by **	03/29/2022
	FOUNDATION FOR COMMUNITY VITALITY, By:**	03/29/2022
	JAMES F HEYNEMAN CONSERVATORSHIP, JAMES SCOTT, CONSERVATOR, By:**	03/29/2022
	JAMES F HEYNEMAN TRUST, JAMES SCOTT & FIRST INTERSTATE WEALTH MANAGEMENT CO-TRUSTEES, by:**	03/29/2022
	JAMES R SCOTT TRUST, JAMES R SCOTT & FIRST INTERSTATE WEALTH MANAGEMENT CO-TTEES, by **	03/29/2022
	JAMES R AND CHRISTINE M SCOTT FOUNDATION, By:**	03/29/2022
	JS INVESTMENTS LIMITED PARTNERSHIP, By:**	03/29/2022
	**By:/s/ Tim Leuthold, Attorney-In-Fact	03/29/2022
	** Signature of Reporting Person	Date
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