SEC Form 4 · accession 0001593968-16-001237
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J. Tucker
Officer — SVP Corporate Counsel
Period of report
Nov 21, 2016
Accepted (ET)
Nov 22, 2016 · 3:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466026
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 21, 2016 | S | 2,416 | $28.90 | D | 7,179 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3 | $17.50 | holding | — | — | — | — | Oct 15, 2020 | Common Stock | 25,000 | 25,000 | D |
| Option (right to buy)F4 | $16.00 | holding | — | — | — | — | Dec 13, 2022 | Common Stock | 5,500 | 5,500 | D |
| Option (right to buy)F5 | $23.00 | holding | — | — | — | — | Nov 3, 2025 | Common Stock | 11,566 | 11,566 | D |
| Option (right to buy)F6 | $21.00 | holding | — | — | — | — | Dec 2, 2024 | Common Stock | 7,153 | 7,153 | D |
| Option (right to buy)F7 | $14.75 | holding | — | — | — | — | Dec 16, 2021 | Common Stock | 5,424 | 5,424 | D |
| Option (right to buy)F8 | $16.59 | holding | — | — | — | — | Dec 10, 2023 | Common Stock | 5,899 | 5,899 | D |
| Option (right to buy)F9 | $18.00 | holding | — | — | — | — | Aug 5, 2024 | Common Stock | 40,000 | 40,000 | D |
| Option (right to buy)F10 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 5,405 | 5,405 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.75 - $29.11 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnote 1 to this form.
- F10These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
- F2This amount includes an adjustment to the amount included on the reporting persons last Form 4. That Form 4 did not correctly subtract the 144 shares which were reported as disposed of in connection with the Federal tax withholding for the 11/3/2016 restricted stock vest.
- F3These options vest in three equal annual installments beginning one year after the 10/15/2010 date of grant.
- F4These options vest in three equal annual installments beginning one year after the 12/13/2012 date of grant.
- F5These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
- F6These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
- F7These options vest in three equal annual installments beginning one year after the 12/16/2011 date of grant.
- F8These options vest in three equal annual installments beginning one year after the 12/10/2013 date of grant.
- F9Such options will vest on 12/31/2017 if specific performance metrics are satisfied, as determined by the Board of Directors.