Smith Jeffrey C. - Jun 30, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/ Smith Jeffrey C
Stock symbol: MSBI
Transactions as of: Jun 30, 2022
Transactions value $: $44,236
Form type: 4
Date filed: 7/1/2022, 02:20 PM
Previous filing: Jul 3, 2023
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSBI	Common Stock						31.8K	Jun 30, 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	Restricted Stock Unit	Award	$40K	+1.66K	+25.82%	$24.04	8.11K	Jun 30, 2022	Common Stock	1.66K		Direct	F1, F2
transaction	MSBI	Common Share Equivalent	Award	$2.01K	+79.4	+16.18%	$25.33	570	Jun 30, 2022	Common Stock	79.4		Direct	F1, F3
transaction	MSBI	Common Share Equivalent	Award	$2.22K	+92.5	+16.22%	$24.04	662	Jun 30, 2022	Common Stock	92.5		Direct	F1, F4

* 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 restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 30, 2023 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
F3	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.
F4	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.