Mefford Jeffrey S. - Oct 31, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President
Signature
/s/ Mefford Jeffrey S
Stock symbol
MSBI
Transactions as of
Oct 31, 2022
Transactions value $
-$36,126
Form type
4
Date filed
11/2/2022, 01:49 PM
Previous filing
Oct 3, 2022
Next filing
Nov 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Sale -$45K -1.6K -5.72% $28.11 26.4K Oct 31, 2022 Direct F1
transaction MSBI Common Stock Options Exercise $26.5K +1.6K +6.07% $16.59 28K Oct 31, 2022 Direct
transaction MSBI Common Stock Tax liability -$17.7K -629 -2.25% $28.12 27.3K Nov 1, 2022 Direct
transaction MSBI Common Stock Award $0 +5.14K $0.00 5.14K Oct 31, 2022 Direct F2

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 Option (right to buy) Options Exercise $0 -1.6K -38.45% $0.00 2.56K Oct 31, 2022 Common Stock 1.6K $16.59 Direct F3
transaction MSBI Option (right to buy) Award $0 +29.1K $0.00 29.1K Oct 31, 2022 Common Stock 29.1K $28.43 Direct
holding MSBI Option (right to buy) 10.7K Oct 31, 2022 Common Stock 10.7K $23.00 Direct F4
holding MSBI Option (right to buy) 7.89K Oct 31, 2022 Common Stock 7.89K $21.00 Direct F5
holding MSBI Option (right to buy) 10K Oct 31, 2022 Common Stock 10K $18.00 Direct F6
holding MSBI Option (right to buy) 5.34K Oct 31, 2022 Common Stock 5.34K $28.59 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.98 - $28.30 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
F2 RSA with 4yr - 25% vesting schedule
F3 These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F6 Options vested on 12/31/2017.
F7 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.