SEC Form 4 · accession 0001127602-16-046695
FIRST MIDWEST BANCORP INC · FMBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas J Chulos
Officer — EVP, Gen. Counsel, Corp. Sec'y
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 1:42 pm EDT
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 | Mar 15, 2016 | A | 2,898 | $0.00 | A | 33,331 | D | |
| Common StockF2,F3 | Mar 15, 2016 | F | 301 | $17.87 | D | 33,030 | D | |
| Common StockF4 | holding | — | — | — | 3,825 | I | By Profit Sharing Plan Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance shares earned by the Reporting Person on March 15, 2016. The performance shares were granted by the Issuer to the Reporting Person under the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan on February 20, 2013, subject to a three year (2013-2015) performance period. Of the performance shares earned, 966 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 1,932 earned performance shares represent the right to receive shares of First Midwest Bancorp, Inc. Common Stock upon satisfaction of a service-based vesting requirement and are scheduled to vest in two equal annual installments on March 15, 2017 and March 15, 2018.
- F2Reflects the surrender of 301 shares of First Midwest Bancorp, Inc. Common Stock to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of the first tranche of the earned performance shares described in note 1.
- F31,932 of these shares are restricted stock units / performance shares.
- F4Between February 19, 2016 and March 16, 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) 318 shares pursuant to match contributions from the Company; and (b) 398 shares pursuant to payroll contributions. In addition; 271 shares were sold from the Reporting Person's Plan account in connection with certain Plan administration actions. This information is based on a Plan statement dated March 14, 2016.