Sec Form 4 Filing - Salazar Bryon C. @ RED RIVER BANCSHARES INC - 2021-03-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Salazar Bryon C.
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
(Last) (First) (Middle)
1412 CENTRE COURT DRIVE, SUITE 501
3. Date of Earliest Transaction (MM/DD/YY)
03/11/2021
(Street)
ALEXANDRIA, LA71301
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Salazar Bryon C.
1412 CENTRE COURT DRIVE, SUITE 501
ALEXANDRIA, LA71301
See Remarks
Signatures
Amanda W. Barnett, as Attorney-in-Fact 03/15/2021
Signature of Reporting Person Date
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

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