SEC Form 4 · accession 0001593968-17-000388
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Schultz
Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 8:59 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 StockF1 | Mar 1, 2017 | S | 1,000 | $35.75 | D | 324,026 | D | |
| Common StockF2,F3 | Mar 1, 2017 | S | 1,000 | $35.7512 | D | 88,903 | I | JNJ, LLC |
| Common StockF3 | holding | — | — | — | 2,750 | I | Spouse | |
| Common StockF3 | holding | — | — | — | 42,554 | I | Agracel, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Share EquivalentF4,F5 | — | holding | — | — | — | — | — | Common Stock | 52,369 | 52,369 | D |
Explanation of responses
- F1Includes holdings through a self-directed IRA or revocable grantor trust
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.75 - $37.76 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.
- F3The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
- F4No exercise price for this type of award
- F5Common share equivalents become payable upon termination of service as a director except for any unvested portion of the Issuer matching contribution.