SEC Form 4 · accession 0001593968-17-000343
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon A. Schaubert
Officer — SVP Banking Services
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 10:21 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 Stock | Feb 17, 2017 | M | 7,500 | $15.20 | A | 21,562 | D | |
| Common Stock | Feb 17, 2017 | M | 3,170 | $18.16 | A | 24,732 | D | |
| Common StockF1 | Feb 17, 2017 | S | 10,670 | $34.9893 | D | 14,062 | D | |
| Common Stock | Feb 17, 2017 | M | 7,500 | $11.75 | A | 21,562 | D | |
| Common Stock | Feb 17, 2017 | F | 2,508 | $35.14 | D | 19,054 | 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)F2 | $15.20 | Feb 17, 2017 | M | 7,500 | D | — | Dec 31, 2019 | Common Stock | 7,500 | 0 | D |
| Option (right to buy)F3 | $11.75 | Feb 17, 2017 | M | 7,500 | D | — | Jun 22, 2019 | Common Stock | 7,500 | 0 | D |
| Option (right to buy)F4 | $18.16 | Feb 17, 2017 | M | 3,170 | D | — | Dec 6, 2020 | Common Stock | 3,170 | 0 | D |
| Option (right to buy)F5 | $16.00 | holding | — | — | — | — | Dec 13, 2022 | Common Stock | 3,960 | 3,960 | D |
| Option (right to buy)F6 | $16.59 | holding | — | — | — | — | Dec 10, 2023 | Common Stock | 4,473 | 4,473 | D |
| Option (right to buy)F7 | $23.00 | holding | — | — | — | — | Nov 3, 2025 | Common Stock | 8,261 | 8,261 | D |
| Option (right to buy)F8 | $14.75 | holding | — | — | — | — | Dec 16, 2021 | Common Stock | 3,905 | 3,905 | D |
| Option (right to buy)F9 | $21.00 | holding | — | — | — | — | Dec 2, 2024 | Common Stock | 5,702 | 5,702 | D |
| Option (right to buy)F10 | $18.00 | holding | — | — | — | — | Aug 5, 2024 | Common Stock | 10,000 | 10,000 | D |
| Option (right to buy)F11 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 4,157 | 4,157 | 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 $34.85 - $35.10 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.
- F10Such options will vest on 12/31/2017 if specific performance metrics are satisfied, as determined by the Board of Directors.
- F11These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
- F2These options vest in four equal annual installments beginning one year after the 12/31/2009 date of grant.
- F3These options vest in four equal annual installments beginning one year after the 06/22/2009 date of grant.
- F4These options vest in four equal annual installments beginning one year after the 12/06/2010 date of grant.
- F5These options vest in four equal annual installments beginning one year after the 12/13/2012 date of grant.
- F6These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
- F7These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
- F8These options vest in four equal annual installments beginning one year after the 12/16/2011 date of grant.
- F9These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.