Mefford Jeffrey S. - 28 Feb 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President
Signature
/s/ Mefford Jeffrey S
Issuer symbol
MSBI
Transactions as of
28 Feb 2023
Net transactions value
-$13,003
Form type
4
Filing time
01 Mar 2023, 14:08:52 UTC
Previous filing
01 Feb 2023
Next filing
31 Mar 2023
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 $28,800 +1,600 +5.2% $18.00 32,422 28 Feb 2023 Direct
transaction MSBI Common Stock Sale $41,803 -1,600 -4.9% $26.13 30,822 28 Feb 2023 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
transaction MSBI Option (right to buy) Options Exercise $0 -1,600 -21% $0.000000 6,161 28 Feb 2023 Common Stock 1,600 $18.00 Direct F2
holding MSBI Option (right to buy) 10,702 28 Feb 2023 Common Stock 10,702 $23.00 Direct F3
holding MSBI Option (right to buy) 7,885 28 Feb 2023 Common Stock 7,885 $21.00 Direct F4
holding MSBI Option (right to buy) 5,341 28 Feb 2023 Common Stock 5,341 $28.59 Direct F5
holding MSBI Option (right to buy) 29,133 28 Feb 2023 Common Stock 29,133 $28.43 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.98 - $26.30 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
F2 Options vested on 12/31/2017.
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.