SEC Form 4 · accession 0001127602-16-046701
FIRST MIDWEST BANCORP INC · FMBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Hotchkiss
Officer — EVP and Treasurer
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 1:51 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 | 2,910 | $0.00 | A | 62,591 | D | |
| Common StockF2,F3 | Mar 15, 2016 | F | 302 | $17.87 | D | 62,289 | D | |
| Common Stock | holding | — | — | — | 2,077 | 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, 970 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 1,940 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 302 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.
- F31,940 of these shares are restricted stock units / performance shares.