SEC Form 4 · accession 0001127602-16-043039
FIRST MIDWEST BANCORP INC · FMBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S Belasco Kent
Officer — EVP,Chief Info/Ops Officer
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 7:02 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 | Feb 19, 2016 | F | 1,603 | $16.15 | D | 53,434 | D | |
| Common StockF2,F3 | Feb 20, 2016 | F | 1,533 | $16.15 | D | 51,901 | D | |
| Common Stock | holding | — | — | — | 29,685 | I | By NQ Stock Option Gain Deferral Plan | |
| Common Stock | holding | — | — | — | 6,286 | I | By Profit Sharing Plan Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 19, 2014 the Issuer granted the Reporting Person 6,286 restricted stock units under the First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan which were scheduled to vest in two equal annual installments on the second and third anniversary of the date of grant. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock on the vesting date. On February 19, 2016, 3,143 of the originally granted restricted stock units vested, of which 1,603 shares of the Issuer's Common Stock underlying such units were withheld in order to satisfy the Reporting Person's tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation.
- F2On February 20, 2013 the Issuer granted the Reporting Person a Restricted Stock Award (RSA) of 6,636 restricted shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan which were scheduled to vest in two equal annual installments on the second and third anniversary of the date of grant. On February 20, 2016, the remaining 3,318 shares of the originally granted RSAs vested, of which 1,533 shares were surrendered by the Reporting Person in order to satisfy tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation.
- F317,548 of these shares are restricted stock units.