Smith Jeffrey C. - Mar 31, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/ Smith Jeffrey C
Stock symbol: MSBI
Transactions as of: Mar 31, 2022
Transactions value $: $3,371
Form type: 4
Date filed: 4/1/2022, 12:25 PM
Previous filing: Jan 4, 2022
Next filing: Jul 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSBI	Common Stock						31.8K	Mar 31, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSBI	Common Share Equivalent	Award	$1.98K	+66.7	+17.76%	$29.64	442	Mar 31, 2022	Common Stock	66.7		Direct	F1, F2
transaction	MSBI	Common Share Equivalent	Award	$1.39K	+48.3	+10.91%	$28.86	491	Mar 31, 2022	Common Stock	48.3		Direct	F1, F3
holding	MSBI	Restricted Stock Unit						6.44K	Mar 31, 2022	Common Stock	6.44K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each common stock equivalent is the economic equivalent of one share of common stock.
F2	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. 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.
F3	Represents common share equivalents acquired by the reporting person under the Issuers Directors Deferred Compensation Plan (DDCP) with respect to director fees deferred by the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Each common share equivalent is the economic equivalent of one share of common stock. Common share equivalents received for deferred director fees fully vested on the transaction date listed above and become payable upon termination of service as a director.