Rod Brenneman - 01 Mar 2025 Form 4 Insider Report for FIRST BUSEY CORP /NV/ (BUSE)

Role
Director
Signature
/s/ Catherine Alqallaf, attorney-in-fact
Issuer symbol
BUSE
Transactions as of
01 Mar 2025
Net transactions value
$0
Form type
4
Filing time
04 Mar 2025, 15:38:41 UTC
Previous filing
21 May 2024
Next filing
28 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BUSE Common Stock Award $0 +31,836 $0.000000 31,836 01 Mar 2025 Direct F1
transaction BUSE Common Stock Award $0 +2,456 +7.7% $0.000000 34,292 01 Mar 2025 Direct F2
transaction BUSE Common Stock Award $0 +1,292 +3.8% $0.000000 35,584 01 Mar 2025 Direct F3
transaction BUSE Common Stock Award $0 +132,421 $0.000000 132,421 01 Mar 2025 Brenneman Living Trust Dated November 2, 2012 F1
transaction BUSE Series A Non-Cumulative Perpetual Preferred Stock Award $0 +100 $0.000000 100 01 Mar 2025 Brenneman Living Trust Dated November 2, 2012 F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") entered into on August 26, 2024, between Issuer and CrossFirst Bankshares, Inc. ("CrossFirst"). Pursuant to the Merger Agreement, at the effective time of the merger, CrossFirst merged with and into Issuer with Issuer surviving the merger, and each share of common stock, par value $0.01 per share, of CrossFirst outstanding immediately prior to the effective time of the merger, other than certain excluded shares, was converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Issuer and (b) cash in lieu of fractional shares.
F2 Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst restricted stock award held by a CrossFirst non-employee director was converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Issuer and (b) cash in lieu of fractional shares.
F3 Pursuant to the Merger Agreement, at the effective time of the merger, each deferred share of CrossFirst common stock that is credited to a participant's account under the CorssFirst 2018 Directors' Deferred Fee Plan as of immediately prior to the effective time of the merger was converted into the right to receive 0.6675 shares of common stock, par value $0.001, of Issuer, with any fractional shares rounded to the nearest whole share of Issuer common stock.
F4 Pursuant to the Merger Agreement, at the effective time of the merger, each issued and outstanding share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01, of CrossFirst was converted into the right to receive one share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.001, of Issuer.