SEC Form 4 · accession 0001593968-17-000428

Midland States Bancorp, Inc. · MSBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Leon J Holschbach

Officer — CEO · Director

Period of report

Mar 10, 2017

Accepted (ET)

Mar 14, 2017 · 11:05 am EDT

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
Common Stock^F1	Mar 10, 2017	M	37,278	$14.60	A	179,052	D
Common Stock^F2,F1	Mar 10, 2017	S	37,278	$34.113	D	141,774	D
Common Stock^F1	Mar 13, 2017	M	12,722	$14.60	A	154,496	D
Common Stock^F3,F1	Mar 13, 2017	S	12,722	$34.0306	D	141,774	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)^F4	$14.60	Mar 10, 2017	M	37,278	D	—	Aug 15, 2017	Common Stock	38,278	12,722	D
Option (right to buy)^F4	$14.60	Mar 13, 2017	M	12,722	D	—	Aug 15, 2017	Common Stock	12,722	0	D
Option (right to buy)^F5	$16.00	holding	—	—	—	—	Dec 13, 2022	Common Stock	14,072	14,072	D
Option (right to buy)^F6	$18.16	holding	—	—	—	—	Dec 6, 2020	Common Stock	11,820	11,820	D
Option (right to buy)^F7	$16.59	holding	—	—	—	—	Dec 10, 2023	Common Stock	16,274	16,274	D
Option (right to buy)^F8	$21.00	holding	—	—	—	—	Dec 2, 2024	Common Stock	22,762	22,762	D
Option (right to buy)^F9	$11.75	holding	—	—	—	—	Jun 22, 2019	Common Stock	28,190	28,190	D
Option (right to buy)^F10	$14.70	holding	—	—	—	—	May 5, 2018	Common Stock	8,500	8,500	D
Option (right to buy)^F11	$15.20	holding	—	—	—	—	Dec 31, 2019	Common Stock	31,500	31,500	D
Option (right to buy)^F12	$14.75	holding	—	—	—	—	Dec 16, 2021	Common Stock	14,556	14,556	D
Restricted Stock Unit^F13	—	holding	—	—	—	—	—	Common Stock	5,064	5,064	D
Option (right to buy)^F14	$18.00	holding	—	—	—	—	Aug 5, 2024	Common Stock	90,000	90,000	D
Common Share Equivalent^F15,F16	—	holding	—	—	—	—	—	Common Stock	3,988	3,988	D
Restricted Stock Unit^F17	—	holding	—	—	—	—	—	Common Stock	7,048	7,048	D

Explanation of responses

F1Includes holdings through a self-directed IRA or revocable grantor trust
F10These options vest in four equal annual installments beginning one year after the 05/05/2008 date of grant.
F11These options vest in four equal annual installments beginning one year after the 12/31/2009 date of grant.
F12These options vest in four equal annual installments beginning one year after the 12/16/2011 date of grant.
F13The restricted stock units vest in the three equal annual installments beginning one year after the November 3, 2015 date of grant
F14Such options will vest on 12/31/2017 if specific performance metrics are satisfied, as determined by the Board of Directors.
F15No exercise price for this type of award
F16Common share equivalents become payable upon termination of service as a director except for any unvested portion of the Issuer matching contribution.
F17The restricted stock units vest in the two equal annual installments beginning one year after the November 16, 2016 date of grant
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 - $34.635 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 - $34.25 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.
F4These options vest in four equal annual installments beginning one year after the 08/15/2007 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 12/06/2010 date of grant.
F7These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
F8These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F9These options vest in four equal annual installments beginning one year after the 06/22/2009 date of grant.