McDaniel Jerry L. - Aug 17, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/ McDaniel Jerry L
Stock symbol: MSBI
Transactions as of: Aug 17, 2022
Transactions value $: $1,000,000
Form type: 4
Date filed: 8/18/2022, 11:11 AM
Previous filing: Jul 1, 2022
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Depositary shares	Purchase	$500K	+20K		$25.00	20K	Aug 17, 2022	Jerry L McDaniel Revocable Trust	F1
transaction	MSBI	Depositary shares	Purchase	$500K	+20K		$25.00	20K	Aug 17, 2022	James H. McDaniel Revocable Trust	F1
holding	MSBI	Common Stock						35K	Aug 17, 2022	James H. McDaniel Revocable Trust	F2
holding	MSBI	Common Stock						80K	Aug 17, 2022	Evalia Enterprises, LLC.	F2
holding	MSBI	Common Stock						13K	Aug 17, 2022	Four Diamond Capital LLC	F2
holding	MSBI	Common Stock						2.66K	Aug 17, 2022	By Daughter	F2
holding	MSBI	Common Stock						2.66K	Aug 17, 2022	By Daughter	F2
holding	MSBI	Common Stock						3.36K	Aug 17, 2022	By Son	F2
holding	MSBI	Common Stock						7.5K	Aug 17, 2022	Jerry L McDaniel Revocable Trust
holding	MSBI	Common Stock						1.78K	Aug 17, 2022	Direct	F3

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
holding	MSBI	Common Share Equivalent						30K	Aug 17, 2022	Common Stock	30K		Direct	F4
holding	MSBI	Restricted Stock Unit						2.06K	Aug 17, 2022	Common Stock	2.06K		Direct	F5
holding	MSBI	Restricted Stock Unit						1.66K	Aug 17, 2022	Common Stock	1.66K		Direct	F6

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

Explanation of Responses:

Id	Content
F1	Each depositary share represents a one-fortieth ownership interest in a share of the issuers 7.75 percent Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, par value $2.00 per share (the Series A Preferred Stock), with a liquidation preference of $25.00 per depositary share (equivalent to $1,000 per share of Series A Preferred Stock). The depositary shares are evidenced by depositary receipts.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
F3	RSU with vesting schedule
F4	Each common stock equivalent is the economic equivalent of one share of common stock.
F5	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 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
F6	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, 2023 and vested shares will be delivered to the reporting person within 30 days of vesting.