Spring Donald J. - 01 Nov 2021 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Chief Accounting Officer
Signature: /s/ Spring, Donald J
Issuer symbol: MSBI
Transactions as of: 01 Nov 2021
Transactions value $: $0
Form type: 4
Filing time: 02 Nov 2021, 14:26:51 UTC
Next filing: 02 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Common Stock	Award	$0	+2,433	+23%	$0	13,198	01 Nov 2021	Direct	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
holding	MSBI	Option (right to buy)						2,349	01 Nov 2021	Common Stock	2,349	$21	Direct	F2
holding	MSBI	Option (right to buy)						3,031	01 Nov 2021	Common Stock	3,031	$23	Direct	F2
holding	MSBI	Option (right to buy)						1,403	01 Nov 2021	Common Stock	1,403	$28.59	Direct	F2

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

Explanation of Responses:

Id	Content
F1	RSA with 4yr - 25% vesting schedule
F2	These options vest in four equal annual installments beginning one year after the date of grant.