4//SEC Filing
Spitler Michael C 4
Accession 0001127602-19-012364
CIK 0000702325other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:30 PM ET
Size
11.7 KB
Accession
0001127602-19-012364
Insider Transaction Report
Form 4
Spitler Michael C
Bank EVP, Chief Credit Officer
Transactions
- Award
Common Stock
2019-03-15$21.91/sh+3,059$67,023→ 31,536 total - Tax Payment
Common Stock
2019-03-15$21.91/sh−413$9,049→ 30,721 total - Tax Payment
Common Stock
2019-03-15$21.91/sh−332$7,274→ 30,389 total - Tax Payment
Common Stock
2019-03-15$21.91/sh−402$8,808→ 31,134 total
Footnotes (5)
- [F1]Represents performance shares earned by the Reporting Person on March 15, 2019. 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 17, 2016, subject to a three year (2016-2018) performance period. Of the performance shares earned, 1,020 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The remaining 2,039 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, 2020 and March 15, 2021.
- [F2]Reflects the surrender of 402 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]On February 18, 2015, 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 (2015-2017) performance period, as to which 3,141 performance shares were earned on March 15, 2018. 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, 2019, the second installment of 1,047 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 413 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.
- [F4]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, 2019, the third installment of 840 of the originally earned performance shares vested and were paid in shares of First Midwest Bancorp, Inc. Common Stock, of which 332 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.
- [F5]16,341 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, 8:30 PM ET
- Size
- 11.7 KB