Ludwig Jeffrey G. - Nov 8, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President & CEO, Director
Signature
/s/Ludwig Jeffrey G
Stock symbol
MSBI
Transactions as of
Nov 8, 2023
Transactions value $
$157,306
Form type
4
Date filed
11/9/2023, 05:40 PM
Previous filing
Nov 6, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Options Exercise $157K +9.48K +2.85% $16.59 343K Nov 8, 2023 Direct
holding MSBI Common Stock 11.6K Nov 8, 2023 JQ Properties F1

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 -9.48K -100% $0.00* 0 Nov 8, 2023 Common Stock 9.48K $16.59 Direct F2
holding MSBI Option (right to buy) 16.8K Nov 8, 2023 Common Stock 16.8K $23.00 Direct F3
holding MSBI Option (right to buy) 12.8K Nov 8, 2023 Common Stock 12.8K $21.00 Direct F4
holding MSBI Option (right to buy) 8.38K Nov 8, 2023 Common Stock 8.38K $28.59 Direct F5
holding MSBI Option (right to buy) 52.3K Nov 8, 2023 Common Stock 52.3K $28.43 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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
F2 These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
F3 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
F6 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.