SEC Form 4 · accession 0001593968-17-000033
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A. Brunoehler
Officer — SVP Credit - CCO
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 2:59 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 | Dec 31, 2016 | A | 232 | $22.81 | A | 27,288 | D | |
| Common StockF2 | Dec 31, 2016 | A | 43 | $36.18 | A | 27,330 | 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 | — | — | — | — | Aug 2, 2020 | Common Stock | 25,000 | 25,000 | D |
| Option (right to buy)F4 | $16.00 | holding | — | — | — | — | Dec 13, 2022 | Common Stock | 4,764 | 4,764 | D |
| Option (right to buy)F5 | $16.59 | holding | — | — | — | — | Dec 10, 2023 | Common Stock | 5,154 | 5,154 | D |
| Option (right to buy)F6 | $23.00 | holding | — | — | — | — | Nov 3, 2025 | Common Stock | 9,576 | 9,576 | D |
| Option (right to buy)F7 | $21.00 | holding | — | — | — | — | Dec 2, 2024 | Common Stock | 6,406 | 6,406 | D |
| Option (right to buy)F8 | $14.75 | holding | — | — | — | — | Dec 16, 2021 | Common Stock | 4,829 | 4,829 | D |
| Option (right to buy)F9 | $18.00 | holding | — | — | — | — | Aug 5, 2024 | Common Stock | 10,000 | 10,000 | D |
| Option (right to buy)F10 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 4,475 | 4,475 | D |
Explanation of responses
- F1Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP) for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.
- F10These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
- F2Represents shares acquired by the reporting person in the ESPP pursuant to the reinvestment of dividends received during the quarter on shares held in the ESPP by the reporting person at the time such dividend was paid based upon the closing price of the underlying shares on the last day of the quarter.
- F3These options vest in four equal annual installments beginning one year after the 08/02/2010 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 11/03/2015 date of grant.
- F7These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
- F8These options vest in four equal annual installments beginning one year after the 12/16/2011 date of grant.
- F9Such options will vest on 12/31/2017 if specific performance metrics are satisfied, as determined by the Board of Directors.