UNITED STATES | ||||||||
SECURITIES AND EXCHANGE COMMISSION | ||||||||
Washington, D.C. 20549 | ||||||||
(Amendment No. 3)*
First Western Financial, Inc. |
Common Stock, no par value |
33751L 105 |
December 31, 2022 |
◻ | Rule 13d-1(b) | ||||
◻ | Rule 13d-1(c) | ||||
⌧ | Rule 13d-1(d) |
CUSIP No. 33751L 105 | ||||||||
SCHEDULE 13G |
1 | Name of Reporting Person Scott C. Wylie | ||||||||||||||||
2 | Check the Appropriate Box if a Member of a Group | ||||||||||||||||
(a) | |||||||||||||||||
(b) | |||||||||||||||||
3 | SEC Use Only | ||||||||||||||||
4 | Citizenship or Place of Organization United States | ||||||||||||||||
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power 749,280 (1) | |||||||||||||||
6 | Shared Voting Power 0 | ||||||||||||||||
7 | Sole Dispositive Power 749,280 (1) | ||||||||||||||||
8 | Shared Dispositive Power 0 | ||||||||||||||||
9 | Aggregate Amount Beneficially Owned by Each Reporting Person 749,280 (1) | ||||||||||||||||
10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | ||||||||||||||||
11 | Percent of Class Represented by Amount in Row 9 7.9% (2) | ||||||||||||||||
12 | Type of Reporting Person IN |
CUSIP No. 33751L 105 | ||||||||
SCHEDULE 13G |
Item 1. | (a) | Name of Issuer: First Western Financial, Inc. | ||||||
(b) | Address of Issuer’s Principal Executive Offices: 1900 16th Street, Suite 1200 Denver, Colorado 80202 | |||||||
Item 2. | (a) | Name of Person Filing: Scott C. Wylie | ||||||
(b) | Address of Principal Business Officer or, if none, Residence: Scott C. Wylie c/o First Western Financial, Inc. 1900 16th Street, Suite 1200 Denver, Colorado 80202 | |||||||
(c) | Citizenship: Mr. Wylie is a United States citizen. | |||||||
(d) | Title of Class of Securities: Common Stock, no par value | |||||||
(e) | CUSIP Number: 33751L 105 | |||||||
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |||||||
Not applicable. |
CUSIP No. 33751L 105 | ||||||||
SCHEDULE 13G |
Item 4. | Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | ||||||||||
(a) | Amount beneficially owned: 749,280 (1) | ||||||||||
(b) | Percent of class: 7.9% (2) | ||||||||||
(c) | Number of shares as to which the person has: | ||||||||||
(i) | Sole power to vote or to direct the vote: 749,280 (1) | ||||||||||
(ii) | Shared power to vote or to direct the vote: 0 | ||||||||||
(iii) | Sole power to dispose or to direct the disposition of: 749,280 (1) | ||||||||||
(iv) | Shared power to dispose or to direct the disposition of: 0 | ||||||||||
1. Consists of (i) 701,839 shares of common stock held by Mr. Wylie, (ii) 13,941 shares of common stock held by Mr. Wylie's individual retirement account, (iii) 2,000 shares held by the Wylie Family Foundation of which Mr. Wylie serves as President and Trustee, and (iv) 31,500 shares of common stock issuable upon the exercise of stock options within 60 days of December 31, 2022. 2. Based on the quotient obtained by dividing (a) the aggregate number beneficially owned by the Reporting Person as set forth in Row 9 by (b) 9,495,440 shares of Common Stock issued and outstanding as of December 31, 2022 as reported to Mr. Wylie by the Issuer, plus 31,500 shares of common stock issuable to Mr. Wylie upon the exercise of stock options by Mr. Wylie. | |||||||||||
Item 5. | Ownership of Five Percent or Less of a Class. | ||||||||||
Not applicable. | |||||||||||
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. | ||||||||||
Not applicable. | |||||||||||
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. | ||||||||||
Not applicable. | |||||||||||
Item 8. | Identification and Classification of Members of the Group. | ||||||||||
Not applicable. | |||||||||||
Item 9. | Notice of Dissolution of Group | ||||||||||
Not applicable. | |||||||||||
Item 10. | Certifications. | ||||||||||
Not applicable. |
/s/ Scott C. Wylie | |||||
Scott C. Wylie |