Edgar Filing: FISH DONALD J

Ownership Submission

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 OF SECURITIES

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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(Print or Type Responses)

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 (Month/Day/Year)
01/26/2006

(Street)

DIXON, CA 95620

4. If Amendment, Date 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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock

$ 4.77

01/26/2006

7,910

⁽¹⁵⁾

03/06/2008

Common Stock

7,910

$ 4.77

7,910

Common Stock

$ 4.8

01/26/2006

11,724

⁽¹⁵⁾

01/03/2010

Common Stock

11,724

$ 4.8

19,634

Common Stock

$ 10.3

01/26/2006

4,688

⁽¹⁵⁾

01/02/2012

Common Stock

4,688

$ 10.3

24,322

Common Stock

$ 9.87

01/26/2006

3,095

⁽¹⁵⁾

01/02/2013

Common Stock

3,095

$ 9.87

27,417

Common Stock

$ 11.68

01/26/2006

2,384

⁽¹⁶⁾

01/20/2014

Common Stock

2,384

$ 11.68

29,801

Common Stock

$ 6.35

01/26/2006

6,138

⁽¹⁵⁾

01/02/2011

Common Stock

6,138

$ 6.35

35,939

Common Stock

$ 6.35

01/26/2006

3,490

⁽¹⁵⁾

01/02/2011

Common Stock

3,490

$ 6.35

39,429

Common Stock

$ 10.3

01/26/2006

4,040

⁽¹⁵⁾

01/02/2012

Common Stock

4,040

$ 10.3

43,469

Common Stock

$ 10.3

01/26/2006

2,334

⁽¹⁵⁾

01/02/2012

Common Stock

2,334

$ 10.3

45,803

Common Stock

$ 10.3

01/26/2006

664

⁽¹⁵⁾

01/02/2012

Common Stock

664

$ 10.3

46,467

Common Stock

$ 9.87

01/26/2006

6,194

⁽¹⁵⁾

01/02/2013

Common Stock

6,194

$ 9.87

52,661

Common Stock

$ 9.87

01/26/2006

1,310

⁽¹⁵⁾

01/02/2013

Common Stock

1,310

$ 9.87

53,971

Common Stock

$ 11.68

01/26/2006

3,370

⁽¹⁶⁾

01/20/2014

Common Stock

3,370

$ 11.68

57,341

Common Stock

$ 11.68

01/26/2006

984

⁽¹⁶⁾

01/20/2014

Common Stock

984

$ 11.68

58,325

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FISH DONALD J P.O. BOX 547 195 N. FIRST STREET DIXON, CA 95620			EVP/Chief Credit Officer

Signatures

Lynn Campbell, AVP/Corporate Secretary w/POA		01/30/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(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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