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 * Ludwig Jeffrey G.	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 __X__ Officer (give title below)    _____ Other (specify below) President & CEO
(Last)          (First)          (Middle) 1201 NETWORK CENTRE DR.	3. Date of Earliest Transaction (MM/DD/YYYY) 9/30/2019
(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	9/30/2019		A		193.0910	A	$26.05 (1)	165639.7440	D
Common Stock								11569 (2)	I	JQ Properties

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)	$18.16							(3)	12/6/2020	Common Stock	16790		16790	D
Option (right to buy)	$16							(4)	12/13/2022	Common Stock	8075		8075	D
Option (right to buy)	$23							(5)	11/3/2025	Common Stock	16800		16800	D
Option (right to buy)	$16.59							(6)	12/10/2023	Common Stock	9482		9482	D
Option (right to buy)	$15.20							(7)	12/31/2019	Common Stock	15000		15000	D
Option (right to buy)	$21							(8)	12/2/2024	Common Stock	12753		12753	D
Option (right to buy)	$14.75							(9)	12/16/2021	Common Stock	8356		8356	D
Option (right to buy)	$18							(10)	8/5/2024	Common Stock	60000		60000	D
Option (right to buy)	$28.59							(11)	11/16/2026	Common Stock	8383		8383	D

Explanation of Responses:
(1)	Represents shares acquired by the reporting person in the ESPP pursuant to the reinvestment of dividends received during the quarter on shares held in the ESPP by the reporting person at the time such dividend was paid. Pursuant to the ESPP, the price used for each dividend reinvestment is the closing price of the Issuers shares on the last day of the quarter.
(2)	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
(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 12/13/2012 date of grant.
(5)	These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
(6)	These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
(7)	These options vest in four equal annual installments beginning one year after the 12/31/2009 date of grant.
(8)	These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
(9)	These options vest in four equal annual installments beginning one year after the 12/16/2011 date of grant.
(10)	Options vested on 12/31/2017.
(11)	These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Ludwig Jeffrey G. 1201 NETWORK CENTRE DR. EFFINGHAM, IL 62401	X		President & CEO

Signatures
/s/ Ludwig Jeffrey G		10/2/2019
**Signature of Reporting Person		Date
/s/ Douglas J. Tucker, attorney-in-fact		10/2/2019
**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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