Smith Jeffrey C. - 31 Dec 2021 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/ Smith Jeffrey C
Issuer symbol: MSBI
Transactions as of: 31 Dec 2021
Transactions value $: $1,888
Form type: 4
Filing time: 04 Jan 2022, 11:11:14 UTC
Previous filing: 01 Oct 2021
Next filing: 01 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSBI	Common Stock						31,776	31 Dec 2021	Direct

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	Common Share Equivalent	Award	$1,888	+76	+25.2%	$25.00	376	31 Dec 2021	Common Stock	76		Direct	F1, F2
holding	MSBI	Restricted Stock Unit						6,444	31 Dec 2021	Common Stock	6,444		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each common stock equivalent is the economic equivalent of one share of common stock.
F2	Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.

Content

Each common stock equivalent is the economic equivalent of one share of common stock.

Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.