SEC Form 4 · accession 0001127602-17-012270
FIRST MIDWEST BANCORP INC · FMBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Spitler
Officer — Bank EVP, Chief Credit Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 8:25 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, 2017 | A | 2,521 | $0.00 | A | 33,201 | D | |
| Common StockF2,F3 | Mar 15, 2017 | F | 385 | $24.17 | D | 32,816 | D |
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, 2017. 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 19, 2014, subject to a three year (2014-2016) performance period. Of the performance shares earned, 841 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 1,680 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, 2018 and March 15, 2019.
- F2Reflects the surrender of 385 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.
- F31,680 of these shares are restricted stock units / performance shares.