FORM 4

FORM 4

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(f) of the Investment Company Act of 1940

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___ Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)

1. Name and Address of Reporting Person*

WASHBURN, THOMAS D.

(Last) (First) (Middle)

2. Issuer Name and Ticker or Trading Symbol

Irwin Financial Corporation (IFC)

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

_____Director                                           _____10% owner
__X__Officer (give title below)             _____Other
(Specify below)

TITLE: EXECUTIVE VICE PRESIDENT


500 Washington Street
(Street)

3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for
(Month/Day/Year)
1/30/2003


Columbus, IN 47201
(City) (State) (Zip)

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

7. Individual or Joint Group Filing (Check Applicable Line)
__X_Form filed by One Reporting Person
____Form filed by More than One Reporting Person
 

Table 1 - 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 at End of Month (Instr. 3 and 4)

6. Owner- ship 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

01/29/03

  

M

  

10,800

A

$5.531250

  

D

  

COMMON STOCK

01/29/03

  

F

  

2,406

D

$17.200000

  

D

  

COMMON STOCK

01/29/03

  

G

  

8,394
(1)

D

    

D

  

COMMON STOCK

01/29/03

  

G

  

3,474
(2)

A

    

D

  

COMMON STOCK

01/29/03

  

F

  

3,474

D

$17.200000

0

D

  

COMMON STOCK

              

12,884

I

BY 401(K)

COMMON STOCK

01/29/03

  

G

  

8,394
(1)

A

    

I

BY SPOUSE

COMMON STOCK

01/29/03

  

G

  

3,474
(2)

D

  

24,833

I

BY SPOUSE


                   


                   

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 4(b)(v).
Potential persons who are to 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.

Page 1 of 3
SEC 1474(3-99)

 

 

FORM 4 (continued)

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. Trans- action 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 at End of Month (Instr. 4)

10. Owner- ship Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)





Code





V





(A)





(D)




Date Exer- cisable




Expiration Date





Title



Amount or Number of Shares

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)

$5.531250

01/29/03

  

M

    

10,800

01/29/03
(3)

05/11/03

COMMON STOCK

10,800

  

0

D

  


                             


                             


                             


                             


                             


                             


                             


                             


                             


                             


                             

Explanation of Responses: See continuation page(s) for footnotes

 

/S/ THOMAS D. WASHBURN
_________________________________________

1/30/2003
__________________________

**Signature of Reporting Person

Date



**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)

Page 2 of 3


 

FORM 4 (continued)

  

WASHBURN, THOMAS D.

Irwin Financial Corporation (IFC)

500 Washington Street

01/30/2003

Columbus IN 47201

  

 

FOOTNOTES:

(1) Represents transfer of shares from reporting person to spouse.

(2) Represents transfer of shares from spouse to reporting person.

(3) The Plan provides for phased-in vesting or rights to exercise granted stock options. In the year of the grant, optionee may exercise 25% of total options granted. In each of the three years immediately following the year of the grant optionee may exercise an additional 25% of the options granted. Grant of option was made to reporting person in transaction exempt under Rule 16b-3.

 
 

 

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