SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Thompson Daniel C

(Last)

(First)

(Middle)

1900 16TH STREET, SUITE 1200

(Street)

DENVER

80202

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/18/2018

3. Issuer Name and Ticker or Trading Symbol
First Western Financial Inc [ MYFW ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Regional Pres., Ariz./Calif.

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

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	18,921⁽¹⁾	D
Common Stock	744⁽²⁾	I	By spouse⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Option (right to buy)	⁽⁴⁾	01/24/2022	Common Stock	1,000	$25	D
Nonqualified Stock Option (right to buy)	⁽⁵⁾	01/24/2022	Common Stock	3,750	$40	D
Nonqualified Stock Option (right to buy)	⁽⁶⁾	09/01/2023	Common Stock	2,000	$20	D
Nonqualified Stock Option (right to buy)	⁽⁷⁾	04/04/2024	Common Stock	5,000	$20	D
Nonqualified Stock Option (right to buy)	⁽⁸⁾	12/23/2025	Common Stock	3,500	$25	D
Nonqualified Stock Option (right to buy)	⁽⁹⁾	12/23/2025	Common Stock	500	$25	I	By spouse⁽³⁾
Performance Stock Unit	⁽¹⁰⁾	06/30/2022	Common Stock	505	$0	D

Explanation of Responses:

1. Includes 2,021 restricted stock units that vest in two substantially equal installments on January 1, 2020, and January 1, 2022, subject to the continued service of the reporting person.

2. Consists of (i) 645 shares held by the reporting person's spouse and (ii) 99 restricted stock units held by the reporting person's spouse that vest in two substantially equal installments on January 1, 2020, and January 1, 2022, subject to the continued service of the reporting person's spouse.

3. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

4. The option is currently exercisable. The option previously vested in accordance with its terms.

5. The option is currently exercisable. The option previously vested in accordance with its terms.

6. The option is vested as to 1,600 shares, and the remaining 400 shares vest on September 1, 2018, subject to the continued service of the reporting person.

7. The option is vested as to 4,000 shares, and the remaining 1,000 shares vest on April 4, 2019, subject to the continued service of the reporting person.

8. The option is vested as to 1,400 shares, and the remaining 2,100 shares vest in three equal annual installments beginning on December 23, 2018, subject to the continued service of the reporting person.

9. The option is vested as to 200 shares, and the remaining 300 shares vest in three equal annual installments beginning on December 23, 2018, subject to the continued service of the reporting person's spouse.

10. Each performance stock unit represents a contingent right to receive one share of First Western Financial, Inc. common stock, no par value ("Common Stock"). The performance stock units vest, if at all, based upon (i) the market price of each share of Common Stock during the period ending June 30, 2020, and (ii) the continued service of the reporting person through June 30, 2022.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Scott C. Wylie, attorney-in-fact	07/18/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.