Brunoehler Jeffrey A. - Aug 9, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
SVP Credit - CCO
Signature
/s/Brunoehler Jeffrey A
Stock symbol
MSBI
Transactions as of
Aug 9, 2023
Transactions value $
-$196,204
Form type
4
Date filed
8/11/2023, 12:11 PM
Previous filing
Nov 9, 2022
Next filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Options Exercise $180K +10K +39.57% $18.00 35.3K Aug 9, 2023 Direct
transaction MSBI Common Stock Tax liability -$196K -8.34K -23.65% $23.52 26.9K Aug 9, 2023 Direct
holding MSBI Common Stock 20.3K Aug 9, 2023 Jeffrey A Brunoehler Revocable Living Trust

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 -$180K -10K -100% $18.00 0 Aug 9, 2023 Common Stock 10K $18.00 Direct F1
holding MSBI Option (right to buy) 16.6K Aug 9, 2023 Common Stock 16.6K $28.43 Direct F2
holding MSBI Option (right to buy) 4.48K Aug 9, 2023 Common Stock 4.48K $28.59 Direct F3
holding MSBI Option (right to buy) 9.58K Aug 9, 2023 Common Stock 9.58K $23.00 Direct F4
holding MSBI Option (right to buy) 6.41K Aug 9, 2023 Common Stock 6.41K $21.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vested on 12/31/2017.
F2 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.
F3 These options vest in four equal annual installments beginning one year after the 11/16/2016 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.