Sec Form 4 Filing - FISH DONALD J @ FIRST NORTHERN COMMUNITY BANCORP - 2006-01-26

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
FISH DONALD J
2. Issuer Name and Ticker or Trading Symbol
FIRST NORTHERN COMMUNITY BANCORP [ FNRN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP/Chief Credit Officer
(Last) (First) (Middle)
P.O. BOX 547, 195 N. FIRST STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/26/2006
(Street)
DIXON, CA95620
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 01/26/2006 J( 1 ) 1,423 D $ 26.5 54,309 D
Common Stock 01/26/2006 M( 1 ) 7,910 A $ 4.77 62,219 D
Common Stock 01/26/2006 J( 2 ) 2,123 D $ 26.5 60,096 D
Common Stock 01/26/2006 M( 2 ) 11,724 A $ 4.8 71,820 D
Common Stock 01/26/2006 J( 3 ) 1,822 D $ 26.5 69,998 D
Common Stock 01/26/2006 M( 3 ) 4,688 A $ 10.3 74,686 D
Common Stock 01/26/2006 J( 4 ) 1,152 D $ 26.5 73,534 D
Common Stock 01/26/2006 M( 4 ) 3,095 A $ 9.87 76,629 D
Common Stock 01/26/2006 J( 5 ) 1,050 D $ 26.5 75,579 D
Common Stock 01/26/2006 M( 5 ) 2,384 A $ 11.68 77,936 D
Common Stock 01/26/2006 J( 6 ) 1,470 D $ 26.5 76,493 D
Common Stock 01/26/2006 M( 6 ) 6,138 A $ 6.35 82,631 D
Common Stock 01/26/2006 J( 7 ) 836 D $ 26.5 81,795 D
Common Stock 01/26/2006 M( 7 ) 3,490 A $ 6.35 85,285 D
Common Stock 01/26/2006 J( 8 ) 1,570 D $ 26.5 83,715 D
Common Stock 01/26/2006 M( 8 ) 4,040 A $ 10.3 87,755 D
Common Stock 01/26/2006 J( 9 ) 907 D $ 26.5 86,848 D
Common Stock 01/26/2006 M( 9 ) 2,334 A $ 10.3 89,182 D
Common Stock 01/26/2006 J( 10 ) 258 D $ 26.5 88,924 D
Common Stock 01/26/2006 M( 10 ) 664 A $ 10.3 89,588 D
Common Stock 01/26/2006 J( 11 ) 2,306 D $ 26.5 87,282 D
Common Stock 01/26/2006 M( 11 ) 6,194 A $ 9.87 93,476 D
Common Stock 01/26/2006 J( 12 ) 487 D $ 26.5 92,989 D
Common Stock 01/26/2006 M( 12 ) 1,310 A $ 9.87 94,299 D
Common Stock 01/26/2006 J( 13 ) 1,485 D $ 26.5 92,814 D
Common Stock 01/26/2006 M( 13 ) 3,370 A $ 11.68 96,184 D
Common Stock 01/26/2006 J( 14 ) 433 D $ 26.5 95,751 D
Common Stock 01/26/2006 M( 14 ) 984 A $ 11.68 96,735 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 (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
Common Stock $ 4.77 01/26/2006 01/26/2006 M 7,910 ( 15 ) 03/06/2008 Common Stock 7,910 $ 4.77 7,910 D
Common Stock $ 4.8 01/26/2006 01/26/2006 M 11,724 ( 15 ) 01/03/2010 Common Stock 11,724 $ 4.8 19,634 D
Common Stock $ 10.3 01/26/2006 01/26/2006 M 4,688 ( 15 ) 01/02/2012 Common Stock 4,688 $ 10.3 24,322 D
Common Stock $ 9.87 01/26/2006 01/26/2006 M 3,095 ( 15 ) 01/02/2013 Common Stock 3,095 $ 9.87 27,417 D
Common Stock $ 11.68 01/26/2006 01/26/2006 M 2,384 ( 16 ) 01/20/2014 Common Stock 2,384 $ 11.68 29,801 D
Common Stock $ 6.35 01/26/2006 01/26/2006 M 6,138 ( 15 ) 01/02/2011 Common Stock 6,138 $ 6.35 35,939 D
Common Stock $ 6.35 01/26/2006 01/26/2006 M 3,490 ( 15 ) 01/02/2011 Common Stock 3,490 $ 6.35 39,429 D
Common Stock $ 10.3 01/26/2006 01/26/2006 M 4,040 ( 15 ) 01/02/2012 Common Stock 4,040 $ 10.3 43,469 D
Common Stock $ 10.3 01/26/2006 01/26/2006 M 2,334 ( 15 ) 01/02/2012 Common Stock 2,334 $ 10.3 45,803 D
Common Stock $ 10.3 01/26/2006 01/26/2006 M 664 ( 15 ) 01/02/2012 Common Stock 664 $ 10.3 46,467 D
Common Stock $ 9.87 01/26/2006 01/26/2006 M 6,194 ( 15 ) 01/02/2013 Common Stock 6,194 $ 9.87 52,661 D
Common Stock $ 9.87 01/26/2006 01/26/2006 M 1,310 ( 15 ) 01/02/2013 Common Stock 1,310 $ 9.87 53,971 D
Common Stock $ 11.68 01/26/2006 01/26/2006 M 3,370 ( 16 ) 01/20/2014 Common Stock 3,370 $ 11.68 57,341 D
Common Stock $ 11.68 01/26/2006 01/26/2006 M 984 ( 16 ) 01/20/2014 Common Stock 984 $ 11.68 58,325 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FISH DONALD J
P.O. BOX 547
195 N. FIRST STREET
DIXON, CA95620
EVP/Chief Credit Officer
Signatures
Lynn Campbell, AVP/Corporate Secretary w/POA 01/30/2006
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Swapped 1,423 shares @$26.50 to exercise Option #20 ISO to purchase 7,910 shares @$4.77.
( 2 )Swapped 2,123 shares @$26.50 to exercise Option #34 ISO to purchase 11,724 shares @$4.80.
( 3 )Swapped 1,822 shares @$26.50 to exercise Option #94 ISO to purchase 4,688 shares @$10.30.
( 4 )Swapped 1,152 shares @$26.50 to exercise Option #99 ISO to purchase 3,095 shares @$9.87.
( 5 )Swapped 1,050 shares @$26.50 to exercise Option #102 ISO to purchase 2,384 shares @$11.68.
( 6 )Swapped 1,470 shares @$26.50 to exercise Option#90 NQ to purchase 6,138 shares @$6.35.
( 7 )Swapped 836 shares @$26.50 to exercise Option #91 NQ to purchase 3,490 shares @$6.35.
( 8 )Swapped 1,570 shares @$26.50 to exercise Option #95 NQ to purchase 4,040 shares @$10.30.
( 9 )Swapped 907 shares @$26.50 to exercise Option #96 NQ to purchase 2,334 shares @$10.30.
( 10 )Swapped 258 shares @$26.50 to exercise Option #97 NQ to purchase 664 shares @$10.30.
( 11 )Swapped 2,306 shares @$26.50 to exercise Option #100 NQ to purchase 6,194 shares @$9.87.
( 12 )Swapped 487 shares @$26.50 to exercise Option #101 NQ to purchase 1,310 shares @$9.87.
( 13 )Swapped 1,485 shares @$26.50 to exercise Option #104 NQ to purchase 3,370 shares @$11.68.
( 14 )Swapped 433 shares @$26.50 to exercise Option #105 NQ to purchase 984 shares @$11.68.
( 15 )Stock Options granted vested 20% upon grant and 20% annuallly over 4 years.
( 16 )Stock Options granted vested 0% upon grant and 25% annually over 4 years.

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