FIRST INTERSTATE BANCSYSTEM INC — Director's Dealing 2022

Mar 30, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK: 0000860413
Period of Report: 2022-03-25

Reporting Person: SCOTT JAMES R (Director, 10% Owner)
Reporting Person: Foundation for Community Vitality (10% Owner)
Reporting Person: J.S. Investments Limited Partnership (10% Owner)
Reporting Person: James F Heyneman Conservatorship, James Scott, Conservator (10% Owner)
Reporting Person: James F Heyneman Trust, James Scott & First Interstate Wealth Management Co-Trustees (10% Owner)
Reporting Person: James R Scott Trust, James R Scott & First Interstate Wealth Management Co-TTEEs (10% Owner)
Reporting Person: James R & Christine M Scott Foundation (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-25	Class A Common Stock	C	4355343	—	Acquired	4426760	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-25	Class B Common Stock	$0.0	C	4355343	Disposed		Class A Common Stock (4355343.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	11075	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.