SEC Form 4 · accession 0001593968-19-000438
Midland States Bancorp, Inc. · MSBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey G. Ludwig
Officer — President & CEO · Director
Period of report
Feb 13, 2019
Accepted (ET)
Feb 13, 2019 · 5:33 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 Stock | Feb 13, 2019 | M | 18,190 | $11.75 | A | 163,825 | D | |
| Common StockF1 | holding | — | — | — | 11,569 | I | JQ Properties |
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 | $11.75 | Feb 13, 2019 | M | 18,190 | D | — | Jun 22, 2019 | Common Stock | 18,190 | 0 | D |
| Option (right to buy)F3 | $18.16 | holding | — | — | — | — | Dec 6, 2020 | Common Stock | 16,790 | 16,790 | D |
| Option (right to buy)F4 | $16.00 | holding | — | — | — | — | Dec 13, 2022 | Common Stock | 8,075 | 8,075 | D |
| Option (right to buy)F5 | $23.00 | holding | — | — | — | — | Nov 3, 2025 | Common Stock | 16,800 | 16,800 | D |
| Option (right to buy)F6 | $16.59 | holding | — | — | — | — | Dec 10, 2023 | Common Stock | 9,482 | 9,482 | D |
| Option (right to buy)F7 | $15.20 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | 15,000 | 15,000 | D |
| Option (right to buy)F8 | $21.00 | holding | — | — | — | — | Dec 2, 2024 | Common Stock | 12,753 | 12,753 | D |
| Option (right to buy)F9 | $14.75 | holding | — | — | — | — | Dec 16, 2021 | Common Stock | 8,356 | 8,356 | D |
| Option (right to buy)F10 | $18.00 | holding | — | — | — | — | Aug 5, 2024 | Common Stock | 60,000 | 60,000 | D |
| Option (right to buy)F11 | $28.59 | holding | — | — | — | — | Nov 16, 2026 | Common Stock | 8,383 | 8,383 | D |
Explanation of responses
- F1The 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
- F10Options vested on 12/31/2017.
- 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 06/22/2009 date of grant.
- F3These options vest in four equal annual installments beginning one year after the 12/06/2010 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 11/03/2015 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 12/31/2009 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 12/16/2011 date of grant.