Smith Jeffrey C. - Sep 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
Sep 30, 2022
Transactions value $
$4,768
Form type
4
Date filed
10/3/2022, 01:46 PM
Previous filing
Jul 1, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 31.8K Sep 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 Common Share Equivalent Award $2.54K +90.6 +13.68% $28.06 753 Sep 30, 2022 Common Stock 90.6 Direct F1, F2
transaction MSBI Common Share Equivalent Award $2.23K +94.4 +12.53% $23.57 848 Sep 30, 2022 Common Stock 94.4 Direct F1, F3
holding MSBI Restricted Stock Unit 8.11K Sep 30, 2022 Common Stock 8.11K 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, based upon closing price of the underlying shares on the last day of the quarter. 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.