Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 153

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 153
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 to Bremer may be exercised upon written notice to Bremer within 90 days following the occurrence of a put event. The purchase price for the Bremer Class A common stock subject to the put option to Bremer will be in cash in the following amounts:                                                   
 for Bremer Class A common stock sold pursuant to a put option to Bremer arising from a Bremer ESOP distribution put event, the price per share will be equal to the fair market value as established by the most recent annual appraisal; and                                                                          
 for Bremer Class A common stock sold pursuant to a put option to Bremer arising from a death, disability or retirement put event, the price per share will be equal to the book value per share as shown on Bremer’s consolidated financial statements as of the last day of the immediately preceding fiscal quarter. 
 The closing of the purchase and sale of Bremer Class A common stock contemplated by the put option to Bremer must occur within 120 days following the shareholder’s exercise of its rights under the put option, or such longer period as is reasonably required to obtain any necessary regulatory approvals.         
 Bremer is not required to repurchase any Bremer Class A common stock pursuant to the exercise of the put option to Bremer if the consideration for                                                                                                                                                                     | ​ | ​ | ​                                | ​ |

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TABLE OF CONTENTS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT OF BREMER The table below sets forth certain information with respect to the beneficial ownership of the Bremer common stock as of December 31, 2024, by each shareholder who is known by Bremer to own beneficially more than 5% of the outstanding shares of Bremer Class A common stock or Bremer Class B common stock, by each member of the Bremer board of directors, by the Otto Bremer Trust and by each executive officer of Bremer. Beneficial ownership has been determined in accordance with the rules of the SEC. There are no shares of Bremer common stock subject to stock options that are exercisable currently or become exercisable within sixty (60) days.

| Title of Class       | ​ | ​ | Name and Address ofBeneficial Owner | ​ | ​ | Position withBremer                             | ​ | ​ | Number ofShares | ​ | ​ | Percentageof Class | ​ |
| Class A common stock | ​ | ​ | Otto Bremer Trust                   
 30 E. 7th Street Suite 2900         
 St. Paul,