SEC Form 4 · accession 0001593968-16-001356
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Randall Stewart
Officer — Chief Risk Officer
Period of report
Dec 19, 2016
Accepted (ET)
Dec 21, 2016 · 11:47 am 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 Sock | Dec 19, 2016 | M | 2,253 | $23.00 | A | 7,948 | D | |
| Common Sock | Dec 19, 2016 | M | 1,594 | $16.00 | A | 9,542 | D | |
| Common Sock | Dec 19, 2016 | M | 3,092 | $16.59 | A | 12,634 | D | |
| Common Sock | Dec 19, 2016 | M | 2,697 | $21.00 | A | 15,331 | D | |
| Common Sock | Dec 19, 2016 | M | 10,000 | $16.00 | A | 25,331 | D | |
| Common SockF1 | Dec 19, 2016 | S | 14,899 | $32.8994 | D | 10,432 | D | |
| Common SockF2 | Dec 19, 2016 | S | 5,720 | $33.9428 | D | 4,712 | D | |
| Common Sock | Dec 20, 2016 | S | 248 | $34.98 | D | 4,464 | 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 | $23.00 | Dec 19, 2016 | M | 2,253 | D | — | Nov 3, 2025 | Common Stock | 2,253 | 6,759 | D |
| Option (right to buy)F4 | $16.00 | Dec 19, 2016 | M | 1,594 | D | — | Dec 13, 2022 | Common Stock | 1,594 | 0 | D |
| Option (right to buy)F5 | $16.59 | Dec 19, 2016 | M | 3,092 | D | — | Dec 10, 2023 | Common Stock | 3,092 | 1,031 | D |
| Option (right to buy)F6 | $21.00 | Dec 19, 2016 | M | 2,697 | D | — | Dec 2, 2024 | Common Stock | 2,697 | 2,697 | D |
| Option (right to buy)F7 | $16.00 | Dec 19, 2016 | M | 10,000 | D | — | Sep 5, 2022 | Common Stock | 10,000 | 0 | D |
| Option (right to buy)F8 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 4,532 | 4,532 | 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 $32.65 - $33.55 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.69 - $34.28 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.
- F3These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
- F4These options vest in four 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 12/10/2013 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 four equal annual installments beginning one year after the 09/05/2012 date of grant.
- F8These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.