FIRST MIDWEST BANCORP INC 4
4 · FIRST MIDWEST BANCORP INC · Filed Mar 17, 2017
Insider Transaction Report
Form 4
Spitler Michael C
Bank EVP, Chief Credit Officer
Transactions
- Award
Common Stock
2017-03-15+2,521→ 33,201 total - Tax Payment
Common Stock
2017-03-15$24.17/sh−385$9,305→ 32,816 total
Footnotes (3)
- [F1]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, 841 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 1,680 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.
- [F2]Reflects the surrender of 385 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 1.
- [F3]1,680 of these shares are restricted stock units / performance shares.