4//SEC Filing
Prame Thomas M 4
Accession 0001104659-22-024967
CIK 0000702325other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 8:11 AM ET
Size
12.8 KB
Accession
0001104659-22-024967
Insider Transaction Report
Form 4
Prame Thomas M
EVP,Director of Retail Banking
Transactions
- Disposition to Issuer
Common Stock
2022-02-15−21,021.527→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2022-02-15−9,025→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2022-02-15−56,902→ 0 total - Disposition to Issuer
Phantom Stock Under NQ Retirement Plan
2022-02-15−2,283.343→ 0 total→ Common Stock (2,283.343 underlying)
Footnotes (4)
- [F1]All transactions reflected herein are dispositions in connection with the merger of First Midwest Bancorp, Inc. ("First Midwest") and Old National Bancorp ("Old National"), with Old National as the surviving corporation, which merger was completed on February 15, 2022, pursuant to the Agreement and Plan of Merger, dated as of May 30, 2021, by and between such parties. In the merger, (1) each outstanding share of First Midwest common stock was converted into the right to receive 1.1336 shares of Old National common stock (the "Exchange Ratio"), (2) each outstanding share of 7.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, of First Midwest and 7.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, of First Midwest was converted into the right to receive one share of an applicable newly created series of Old National preferred stock, (footnote (1) continues below in footnote (2)).
- [F2](3) each outstanding First Midwest depositary share representing an interest in a share of the applicable series of First Midwest preferred stock was converted into an Old National depositary share representing an equivalent interest in a share of the applicable series of Old National preferred stock, (4) each equity or equity-based compensatory award of First Midwest was converted into a similar equity or equity-based compensatory award of Old National utilizing Old National common stock in lieu of First Midwest common stock and the Exchange Ratio, and (5) each hypothetical First Midwest deemed common stock investment credited under certain First Midwest deferred compensation plans was assumed and converted into a hypothetical Old National common stock deemed investment based on the Exchange Ratio. The closing market value of Old National common stock on the date of the Merger was $18.92 per share. All transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
- [F3]Shares of phantom stock acquired under the Nonqualified Retirement Plan have a 1-for-1 conversion ratio and are payable in cash upon distribution to the Participant in accordance with the terms of the Plan.
- [F4]Between February 6, 2013 and December 15, 2021, the Reporting Person acquired 408.3431 shares of First Midwest Bancorp, Inc. common stock pursuant to the Dividend Reinvestment feature under the First Midwest Bancorp, Inc. Non-Qualified Retirement Plan. This information is based on quarterly Plan statements from February 6, 2013 through December 15, 2021.
Documents
Issuer
FIRST MIDWEST BANCORP INC
CIK 0000702325
Entity typeother
Related Parties
1- filerCIK 0001550175
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 8:11 AM ET
- Size
- 12.8 KB