Ludwig Jeffrey G. - 13 Oct 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President & CEO, Director
Signature
/s/ Ludwig Jeffrey G
Issuer symbol
MSBI
Transactions as of
13 Oct 2022
Net transactions value
+$1,209,200
Form type
4
Filing time
14 Oct 2022, 14:53:09 UTC
Previous filing
03 Oct 2022
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 Options Exercise $1,080,000 +60,000 +26% $18.00 295,180 13 Oct 2022 Direct
transaction MSBI Common Stock Options Exercise $129,200 +8,075 +2.7% $16.00 303,255 13 Oct 2022 Direct
holding MSBI Common Stock 11,569 13 Oct 2022 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 -8,075 -100% $0.000000* 0 13 Oct 2022 Common Stock 8,075 $16.00 Direct F2
transaction MSBI Option (right to buy) Options Exercise $0 -60,000 -100% $0.000000* 0 13 Oct 2022 Common Stock 60,000 $18.00 Direct F3
holding MSBI Option (right to buy) 16,800 13 Oct 2022 Common Stock 16,800 $23.00 Direct F4
holding MSBI Option (right to buy) 9,482 13 Oct 2022 Common Stock 9,482 $16.59 Direct F5
holding MSBI Option (right to buy) 12,753 13 Oct 2022 Common Stock 12,753 $21.00 Direct F6
holding MSBI Option (right to buy) 8,383 13 Oct 2022 Common Stock 8,383 $28.59 Direct F7
* 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 12/13/2012 date of grant.
F3 Options vested on 12/31/2017.
F4 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
F6 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F7 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.