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
                                                                                  
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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 *

Schaubert Sharon A.
2. Issuer Name and Ticker or Trading Symbol

Midland States Bancorp, Inc. [ MSBI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP Banking Services / Midland States Bank
(Last)          (First)          (Middle)

1201 NETWORK CENTRE DR.
3. Date of Earliest Transaction (MM/DD/YYYY)

11/16/2019
(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 11/16/2019  F  129 D$28.05 29297 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option (right to buy) $23            (1)11/3/2025 Common Stock 8261  8261 D  
Option (right to buy) $21            (2)12/2/2024 Common Stock 5702  5702 D  
Option (right to buy) $28.59            (3)11/16/2026 Common Stock 4157  4157 D  

Explanation of Responses:
(1) These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
(2) These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
(3) 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
Director10% OwnerOfficerOther
Schaubert Sharon A.
1201 NETWORK CENTRE DR.
EFFINGHAM, IL 62401


SVP Banking ServicesMidland States Bank

Signatures
/s/ Schaubert Sharon A11/18/2019
**Signature of Reporting PersonDate

/s/ Douglas J. Tucker, attorney-in-fact11/18/2019
**Signature of Reporting PersonDate

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