FIRST MIDWEST BANCORP INC 4
4 · FIRST MIDWEST BANCORP INC · Filed May 20, 2008
Insider Transaction Report
Form 4
OMEARA JOHN M
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2008-05-16−8,833→ 8,832 total→ Common Stock (8,833 underlying)
Footnotes (2)
- [F1]On May 16, 2007 the Issuer granted the reporting person 17,665 Restricted Stock Units (RSUs) under the First Midwest Bancorp, Inc. Omnibus Stock Incentive Plan (Plan). Each RSU represents a right to receive one share of the Issuer's common stock (or cash equal to the fair market value thereof) upon vesting. On May 16, 2008, 8,833 of the originally granted RSUs vested, which at the direction of the reporting person was paid in cash based on a dollar value of $25.11 per share (the average of the highest and lowest price of a share of the Issuer's common stock as reported on the Nasdaq Stock Market on May 16, 2008).
- [F2]The original RSUs vest in two equal installments on the first and second anniversary of the date of grant respectively, and may be settled in cash at the election of the reporting person.