MSBI Midland States Bancorp Inc

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * HOLSCHBACH LEON J	2. Issuer Name and Ticker or Trading Symbol Midland States Bancorp, Inc. [ MSBI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 1201 NETWORK CENTRE DR.	3. Date of Earliest Transaction (MM/DD/YYYY) 9/5/2019
(Street) EFFINGHAM, IL 62401 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	9/5/2019		M		1992	A	$16	153587 (1)	D
Common Stock	9/5/2019		S		1992	D	$26	151595 (1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$16	9/5/2019		M			1992	(2)	12/13/2022	Common Stock	1992	$0	0	D
Option (right to buy)	$18.16							(3)	12/6/2020	Common Stock	11820		11820	D
Option (right to buy)	$16.59							(4)	12/10/2023	Common Stock	16274		16274	D
Option (right to buy)	$21							(5)	12/2/2024	Common Stock	22762		22762	D
Option (right to buy)	$18							(6)	8/5/2024	Common Stock	90000		90000	D
Common Share Equivalent	(7)							(7)	(7)	Common Stock	4290.8159		4290.8159	D
Restricted Stock Unit	(8)							(8)	(8)	Common Stock	825		825	D

Explanation of Responses:
(1)	Includes holdings through a self-directed IRA or revocable grantor trust
(2)	These options vest in four equal annual installments beginning one year after the 12/13/2012 date of grant.
(3)	These options vest in four equal annual installments beginning one year after the 12/06/2010 date of grant.
(4)	These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
(5)	These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
(6)	Options vested on 12/31/2017.
(7)	Each common stock equivalent is the economic equivalent of one share of common stock.
(8)	Represents restricted stock units acquired by the reporting person under the 2019 Long-Term Incentive Plan on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units vest on March 31, 2020 and vested shares will be delivered to the reporting person within 30 days of vesting.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HOLSCHBACH LEON J 1201 NETWORK CENTRE DR. EFFINGHAM, IL 62401	X

Signatures
/s/ Holschbach Leon J		9/6/2019
**Signature of Reporting Person		Date
/s/ Douglas J. Tucker, attorney-in-fact		9/6/2019
**Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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