NORTHRIM BANCORP INC — Director's Dealing 2011

Sep 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHRIM BANCORP INC (NRIM)
CIK: 0001163370
Period of Report: 2011-09-06

Reporting Person: KNUDSON CHRISTOPHER N (Director, EVP, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-06	Common Stock	M	8839	$19.50	Acquired	41671	Direct
2011-09-06	Common Stock	F	5126	$19.50	Disposed	36545	Direct
2011-09-06	Common Stock	M	1470	$19.50	Acquired	38015	Direct
2011-09-06	Common Stock	F	1015	$19.50	Disposed	37000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-06	Iso Employee Stock Option (Right to Buy)	$11.31	M	8839	Disposed	2011-10-04	Common Stock (8839)	Direct
2011-09-06	Nso Employee Stock Option (Right to Buy)	$11.31	M	1470	Disposed	2011-10-04	Common Stock (1470)	Direct

Footnotes

F1: The acquisition of the shares, as adjusted for dividends, through the exercise of the stock option under the Northrim BanCorp, Inc. Stock Option Plan is exempt pursuant to Section 16(b) (3) of the Securities Exchange Act of 1934.