SEC Form 4 · accession 0001127602-16-042291
FIRST MIDWEST BANCORP INC · FMBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L Scudder
Officer — President & CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 9:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000702325
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 17, 2016 | A | 28,169 | $16.82 | A | 302,805 | D | |
| Common Stock | holding | — | — | — | 770 | I | By IRA | |
| Common StockF4 | holding | — | — | — | 9,433 | I | By NQ Stock Option Gain Deferral Plan | |
| Common StockF5 | holding | — | — | — | 8,283 | I | By Profit Sharing Plan Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Long Term Incentive Compensation restricted stock award granted pursuant to the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan.
- F2The number of shares represented by this award was determined by dividing the dollar value of the award granted to the Reporting Person by $16.82 (the average high and low sale price of one share of the Issuer's Common Stock on the date of grant). This award will vest in two equal installments, specifically on the second and third anniversaries of the date of grant.
- F3Includes an additional 50 shares previously unintentionally omitted as a result of an administrative error in reporting the number of shares of restricted stock granted to the Reporting Person on February 18, 2015. The correct number of shares granted was 38,817. All transactions have been timely reported on behalf of the Reporting Person.
- F4Between February 25, 2015 and February 18, 2016, the Reporting Person acquired 188 shares of First Midwest Bancorp, Inc. Common Stock pursuant to the Dividend Reinvestment feature under the First Midwest Bancorp, Inc. Non-Qualified Gain Deferral Plan. The information in this report is based on a plan statement dated January 29, 2016.
- F5Between February 25, 2015 and February 18, 2016, the Reporting Person acquired the following shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Savings and Profit Sharing Plan: (a) 71 shares pursuant to quarterly match contributions from the Issuer; (b) 167 shares pursuant to the Dividend Reinvestment feature of the Plan; (c) 132 shares pursuant to payroll contributions; and (d) 10 shares were sold from the Reporting Person's Plan account in satisfaction of quarterly Plan administration fees. This information is based on a Plan statement dated February 11, 2016.