SEC FORM 4

SEC 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
or Section 30(h) 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).

1. Name and Address of Reporting Person^*

BRUNNER WILLIAM J

(Last)

(First)

(Middle)

135 N. PENNSYLVANIA ST.

(Street)

INDIANAPOLIS

46204

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST INDIANA CORP [ FINB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/25/2005

4. If Amendment, Date of 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

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	01/25/2005		P		2,000	A	$22.49	15,601	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 (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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Incentive Stock Option (right to buy)	$14.3							05/30/2005	05/30/2010	Common Stock	2,500		2,500	D
Incentive Stock Option (right to buy)	$17.44							01/07/2007	01/17/2012	Common Stock	5,733		5,733	D
Incentive Stock Option (right to buy)	$18.09							11/19/2008	11/19/2013	Common Stock	1,667		1,667	D
Incentive Stock Option (right to buy)	$18.62							01/17/2006	01/17/2011	Common Stock	5,371		5,371	D
Incentive Stock Option (right to buy)	$19.54							11/20/2005	11/20/2012	Common Stock	1,666		1,666	D
Non-Qualified Stock Option (right to buy)	$17.44							01/17/2007	01/17/2012	Common Stock	3,640		3,640	D
Non-Qualified Stock Option (right to buy)	$18.09							⁽¹⁾	11/19/2013	Common Stock	3,333		3,333	D
Non-Qualified Stock Option (right to buy)	$18.62							01/17/2006	01/17/2011	Common Stock	878		878	D
Non-Qualified Stock Option (right to buy)	$19.54							11/20/2006⁽²⁾	11/20/2012	Common Stock	3,334		3,334	D

Explanation of Responses:

1. The nonqualifed stock option granted on 11/19/03 vests as follows: 1,666 shares vest on 11/19/06 and 1,667 shares vest on 11/19/07.

2. The nonqualified stock option granted on 11/20/02 vests as follows: 1,667 shares vest on 11/20/06 and 1,667 shares vest on 11/20/07.

Remarks:

Form does not include shares acquired on behalf of the Reporting Person during 2005 under the Corporation's Employee Stock Purchase Plan, 401(k) Plan or Dividend Reinvestment Plan.

	William J Brunner	01/26/2005
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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