James Eccher - 21 Feb 2023 Form 4/A - Amendment Insider Report for OLD SECOND BANCORP INC (OSBC)

Role: CHAIRMAN AND CEO, Director
Signature: /s/ Shirley Cantrell, Attorney-in-Fact
Issuer symbol: OSBC
Transactions as of: 21 Feb 2023
Transactions value $: $0
Form type: 4/A - Amendment
Filing time: 03 Mar 2023, 16:21:22 UTC
Date Of Original Report: 21 Feb 2023
Previous filing: 23 Feb 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSBC	Restricted Stock Units	Award	$0	+50,076	+66.35%	$0	125,544	21 Feb 2023	Direct	F1
holding	OSBC	Old Second Bancorp, Inc. Common Stock						262,214	21 Feb 2023	Direct	F2
holding	OSBC	Old Second Bancorp, Inc. Common Stock						30,771	21 Feb 2023	By 401-K
holding	OSBC	Old Second Bancorp, Inc. Common Stock						6,075	21 Feb 2023	By Profit Sharing

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 50,076 restricted stock units on the date of grant, 25,038 of which are time-based restricted stock units that cliff vest on the third anniversary of the grant date, and 25,038 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 150% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person within 3 to 5 business days.
F2	Included in this total are 148 shares held jointly with spouse; 245,658 shares held in a brokerage account and 16,408 shares held outright in Mr. Eccher's name.

Content

Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 50,076 restricted stock units on the date of grant, 25,038 of which are time-based restricted stock units that cliff vest on the third anniversary of the grant date, and 25,038 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 150% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person within 3 to 5 business days.

Included in this total are 148 shares held jointly with spouse; 245,658 shares held in a brokerage account and 16,408 shares held outright in Mr. Eccher's name.