FIRST MIDWEST BANCORP INC 4
4 · FIRST MIDWEST BANCORP INC · Filed Mar 17, 2017
Insider Transaction Report
Form 4
Clemens Paul F
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2017-03-15+4,529→ 90,344 total - Tax Payment
Common Stock
2017-03-15$24.17/sh−691$16,701→ 89,653 total - Tax Payment
Common Stock
2017-03-15$24.17/sh−807$19,505→ 85,815 total
Holdings
- 2,003(indirect: By IRA)
Common Stock
- 1,139(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]On February 20, 2013, the Issuer granted the Reporting Person a performance shares award under the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan, subject to a three year (2013-2015) performance period, as to which 5,291 performance shares were earned on March 15, 2016. The earned performance shares were scheduled to vest in three equal annual installments on the date earned and the first and second anniversary thereof. On March 15, 2017, the second installment of 1,763 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 807 shares were surrendered by the Reporting Person to satisfy tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation.
- [F2]Represents performance shares earned by the Reporting Person on March 15, 2017. The performance shares were granted by the Issuer to the Reporting Person under the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan on February 19, 2014, subject to a three year (2014-2016) performance period. Of the performance shares earned, 1,511 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 3,018 earned performance shares represent the right to receive shares of First Midwest Bancorp, Inc. Common Stock upon satisfaction of a service-based vesting requirement and are scheduled to vest in two equal annual installments on March 15, 2018 and March 15, 2019.
- [F3]Reflects the surrender of 691 shares of First Midwest Bancorp, Inc. Common Stock to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of the first tranche of the earned performance shares described in note 2.
- [F4]4,781 of these shares are restricted stock units / performance shares.