4//SEC Filing
Diedrich Robert P 4
Accession 0001127602-18-012174
CIK 0000702325other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:39 PM ET
Size
12.7 KB
Accession
0001127602-18-012174
Insider Transaction Report
Form 4
Diedrich Robert P
EVP, Trust Division Manager
Transactions
- Award
Common Stock
2018-03-15+3,129→ 59,831 total - Tax Payment
Common Stock
2018-03-15$25.97/sh−271$7,038→ 56,948 total - Tax Payment
Common Stock
2018-03-15$25.97/sh−246$6,389→ 56,702 total - Tax Payment
Common Stock
2018-03-15$25.97/sh−306$7,947→ 59,525 total
Holdings
- 7,909(indirect: By Trust)
Common Stock
Footnotes (6)
- [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 2,758 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, 2018, the third installment of 919 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 271 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]On February 19, 2014, 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 (2014-2016) performance period, as to which 2,515 performance shares were earned on March 15, 2017. 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, 2018, the second installment of 838 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 246 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.
- [F3]Represents performance shares earned by the Reporting Person on March 15, 2018. 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 18, 2015, subject to a three year (2015-2017) performance period. Of the performance shares earned, 1,043 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 2,086 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, 2019 and March 15, 2020.
- [F4]Reflects the surrender of 306 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 3.
- [F5]2,924 of these shares are restricted stock units / performance shares.
- [F6]Between January 17, 2018 and March 2, 2018, the Reporting Person's balance in the First Midwest Bancorp, Inc. Savings and Profit Sharing Plan was reduced by 2 shares to pay administrative fees. This information is based on a Plan statement dated March 2, 2018.
Documents
Issuer
FIRST MIDWEST BANCORP INC
CIK 0000702325
Entity typeother
Related Parties
1- filerCIK 0001492438
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:39 PM ET
- Size
- 12.7 KB