Statement of Changes in Beneficial Ownership (4)

Date : 07/02/2019 @ 9:55PM
Source : Edgar (US Regulatory)
Stock : Midland States Bancorp Inc (MSBI)
Quote : 26.43  0.06 (0.23%) @ 9:30PM

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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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)

6/30/2019
(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   7/1/2019     M    6920   A $15.2   158515   (1) D    
Common Stock   7/1/2019     M    2580   A $16   161095   (1) D    
Common Stock   7/1/2019     S    9500   D $26.669   (2) 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   7/1/2019     M         2580      (3) 12/13/2022   Common Stock   2580   $0   11492   D    
Option (right to buy)   $15.20   7/1/2019     M         6920      (4) 12/31/2019   Common Stock   6920   $0   0   D    
Common Share Equivalent     (5) 6/30/2019     A      38.5757         (5) (6)   (5) (6) Common Stock   38.5757   $26.72   (6) 4290.8159   D    
Restricted Stock Unit     (7) 6/30/2019     A      825         (7)   (7) Common Stock   825   $0   825   D    
Option (right to buy)   $18.16                      (8) 12/6/2020   Common Stock   11820     11820   D    
Option (right to buy)   $16.59                      (9) 12/10/2023   Common Stock   16274     16274   D    
Option (right to buy)   $21                      (10) 12/2/2024   Common Stock   22762     22762   D    
Option (right to buy)   $18                      (11) 8/5/2024   Common Stock   90000     90000   D    

Explanation of Responses:
(1)  Includes holdings through a self-directed IRA or revocable grantor trust
(2)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.37 - 26.93 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
(3)  These options vest in four equal annual installments beginning one year after the 12/13/2012 date of grant.
(4)  These options vest in four equal annual installments beginning one year after the 12/31/2009 date of grant.
(5)  Each common stock equivalent is the economic equivalent of one share of common stock.
(6)  Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares, based upon closing price of the underlying shares on the last day of the quarter. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.
(7)  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.
(8)  These options vest in four equal annual installments beginning one year after the 12/06/2010 date of grant.
(9)  These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
(10)  These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
(11)  Options vested on 12/31/2017.

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 7/2/2019
** Signature of Reporting Person Date

/s/ Douglas J. Tucker, attorney-in-fact 7/2/2019
** 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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