Ludwig Jeffrey G. - Mar 29, 2024 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Signature
/s/Ludwig Jeffrey G
Stock symbol
MSBI
Transactions as of
Mar 29, 2024
Transactions value $
$24,998
Form type
4
Date filed
4/1/2024, 05:49 PM
Previous filing
Jan 3, 2024
Next filing
Oct 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Award $25K +1.01K +0.29% $24.80 344K Mar 29, 2024 Direct F1
holding MSBI Common Stock 11.6K Mar 29, 2024 JQ Properties 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
holding MSBI Option (right to buy) 16.8K Mar 29, 2024 Common Stock 16.8K $23.00 Direct F3
holding MSBI Option (right to buy) 12.8K Mar 29, 2024 Common Stock 12.8K $21.00 Direct F4
holding MSBI Option (right to buy) 8.38K Mar 29, 2024 Common Stock 8.38K $28.59 Direct F5
holding MSBI Option (right to buy) 52.3K Mar 29, 2024 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 Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP). for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.
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 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.