SEC Form 4 · accession 0001127602-16-062494
MB FINANCIAL INC /MD · MBFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jill E York
Officer — Vice President and CFO
Period of report
Sep 12, 2016
Accepted (ET)
Sep 14, 2016 · 10:00 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001139812
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 12, 2016 | M | 13,479 | — | A | 83,368 | D | |
| Common StockF2 | Sep 12, 2016 | F | 5,768 | $38.87 | D | 77,600 | D | |
| Common Stock | holding | — | — | — | 572 | I | By Deferred Comp Plan | |
| Common Stock | holding | — | — | — | 20 | I | By Ira |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1,F3 | $0.00 | Sep 12, 2016 | M | 13,479 | D | — | — | Common Stock | 13,479 | 0 | D |
| Stock Option (Right to Buy)F4 | $40.00 | holding | — | — | — | Jul 25, 2011 | Jul 25, 2017 | Common Stock | 11,695 | 11,695 | D |
| Stock Option (Right to Buy)F4 | $32.89 | holding | — | — | — | Jul 25, 2011 | Jul 25, 2017 | Common Stock | 14,309 | 14,309 | D |
| Stock Option (Right to Buy)F4 | $29.00 | holding | — | — | — | Jun 25, 2012 | Jun 25, 2018 | Common Stock | 26,344 | 26,344 | D |
| Stock Option (Right to Buy)F4 | $24.65 | holding | — | — | — | Jun 25, 2012 | Jun 25, 2018 | Common Stock | 4,056 | 4,056 | D |
| Stock Option (Right to Buy)F5 | $20.40 | holding | — | — | — | Aug 29, 2013 | Aug 29, 2022 | Common Stock | 7,229 | 7,229 | D |
| Stock Option (Right to Buy)F5 | $27.09 | holding | — | — | — | Aug 28, 2014 | Aug 28, 2023 | Common Stock | 6,624 | 6,624 | D |
| Stock Option (Right to Buy)F5 | $29.80 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2024 | Common Stock | 6,259 | 6,259 | D |
| Performance Share UnitsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 6,668 | 6,668 | D |
| Stock Option (Right to Buy)F6 | $31.26 | holding | — | — | — | Feb 25, 2016 | Feb 25, 2025 | Common Stock | 4,512 | 4,512 | D |
| Performance Share UnitsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 5,861 | 5,861 | D |
| Stock Option (Right to Buy)F7 | $30.33 | holding | — | — | — | Feb 24, 2017 | Feb 24, 2026 | Common Stock | 6,062 | 6,062 | D |
| Performance Share UnitsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 6,905 | 6,905 | D |
| Restricted Stock UnitsF8 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,121 | 1,121 | D |
| Restricted Stock UnitsF9 | $0.00 | holding | — | — | — | — | — | Common Stock | 5,524 | 5,524 | D |
Explanation of responses
- F1Transaction represents the settlement of performance share units ("PSUs"). These PSUs represented the right to receive a number of shares of the issuer's common stock, ranging from 25% to 175% of a target number of 7,702 shares (which was the number of PSUs previously reported as having been awarded to the reporting person) depending on the level of achievement relative to a specified performance goal (total shareholder return relative to a comparison group) during the performance period. Based on the actual level of achievement during the performance period, the reporting person vested in 13,479 PSUs, representing 175.00% of the target number of PSUs, for which the reporting person became entitled to 13,479 shares of the issuer's common stock.
- F2Transaction represents withholding of shares to satisfy tax withholding obligation in connection with the vesting and settlement of PSUs as described in footnote 1.
- F3Performance based vesting
- F4Grant to reporting person of option to purchase shares of common stock under Issuer's 1997 Omnibus Incentive Plan. The option is 100% vested.
- F5Grant to reporting person of option to purchase shares of common stock under Issuer's Amended and Restated Omnibus Incentive Plan. The option vests ratably over 4 years (25% per year).
- F6Option to purchase shares of common stock granted to the reporting person under Issuer's Omnibus Incentive Plan. The option vests annually over 4 years (25% per year beginning on February 25, 2016).
- F7Option to purchase shares of common stock granted to reporting person under Issuer's Amended and Restated Omnibus Incentive Plan. The option vests annually over 4 years (25% per year beginning February 24, 2017).
- F8Restricted stock units granted to the reporting person under the Issuer's Amended and Restated Omnibus Incentive Plan. One-half of the restricted stock units are scheduled to vest on February 24, 2017 and one-half of the restricted stock units are scheduled to vest on February 24, 2018.
- F9Restricted Stock Units granted to the reporting person under the Issuer's Amended and Restated Omnibus Incentive Plan equal to the same amount of shares of common stock. The restricted stock units vest annually over 4 years (25% per year beginning February 24, 2017).