4//SEC Filing
Spitler Michael C 4
Accession 0001127602-18-012186
CIK 0000702325other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:50 PM ET
Size
9.3 KB
Accession
0001127602-18-012186
Insider Transaction Report
Form 4
Spitler Michael C
Bank EVP, Chief Credit Officer
Transactions
- Tax Payment
Common Stock
2018-03-15$25.97/sh−373$9,687→ 33,498 total - Tax Payment
Common Stock
2018-03-15$25.97/sh−465$12,076→ 36,174 total - Award
Common Stock
2018-03-15+3,141→ 36,639 total
Footnotes (4)
- [F1]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 2,521 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 840 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 373 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, 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, 1,047 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 2,094 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.
- [F3]Reflects the surrender of 465 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]17,725 of these shares are restricted stock units / performance shares.
Documents
Issuer
FIRST MIDWEST BANCORP INC
CIK 0000702325
Entity typeother
Related Parties
1- filerCIK 0001580066
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:50 PM ET
- Size
- 9.3 KB