SEC Form 4 · accession 0001593968-18-001000
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen A. Erickson
Officer — Chief Financial Officer
Period of report
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 4:18 pm 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 29, 2018 | A | 250 | $28.40 | A | 5,706 | D | |
| Common StockF2 | Jun 29, 2018 | A | 4 | $34.26 | A | 5,710 | 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 | $16.00 | holding | — | — | — | — | Dec 13, 2022 | Common Stock | 2,438 | 2,438 | D |
| Option (right to buy)F3 | $23.00 | holding | — | — | — | — | Nov 3, 2025 | Common Stock | 5,045 | 5,045 | D |
| Option (right to buy)F3 | $16.59 | holding | — | — | — | — | Dec 10, 2023 | Common Stock | 4,822 | 4,822 | D |
| Option (right to buy)F3 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 2,289 | 2,289 | D |
| Option (right to buy)F3 | $21.00 | holding | — | — | — | — | Dec 2, 2024 | Common Stock | 3,909 | 3,909 | D |
| Option (right to buy)F3 | $16.00 | holding | — | — | — | — | May 8, 2022 | Common Stock | 21,418 | 21,418 | 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.
- 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 have a 10 year term and become partially exercisable after 1 year and vest in four equal annual installments.