4//SEC Filing
Schultz John M 4
Accession 0001593968-20-000041
CIK 0001466026other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 12:48 PM ET
Size
17.0 KB
Accession
0001593968-20-000041
Insider Transaction Report
Form 4
Schultz John M
Director
Transactions
- Award
Common Share Equivalent
2019-12-31$28.96/sh+385.799$11,173→ 64,426.867 total→ Common Stock (385.799 underlying) - Award
Common Share Equivalent
2019-12-31$28.96/sh+546.182$15,817→ 64,973.049 total→ Common Stock (546.182 underlying)
Holdings
- 2,750(indirect: By Spouse)
Common Stock
- 69,903(indirect: By LLC)
Common Stock
- 1,185
Restricted Stock Unit
→ Common Stock (1,185 underlying) - 283,426
Common Stock
- 42,554(indirect: Agracel, Inc.)
Common Stock
Footnotes (6)
- [F1]Includes holdings through a self-directed IRA or revocable grantor trust
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
- [F3]Each common stock equivalent is the economic equivalent of one share of common stock.
- [F4]Represents common share equivalents acquired by the reporting person under the Issuers Directors Deferred Compensation Plan (DDCP) with respect to director fees deferred by the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Each common share equivalent is the economic equivalent of one share of common stock. Common share equivalents received for deferred director fees fully vested on the transaction date listed above and become payable upon termination of service as a director.
- [F5]Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares, based upon closing price of the underlying shares on the last day of the quarter. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.
- [F6]Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
Issuer
Midland States Bancorp, Inc.
CIK 0001466026
Entity typeother
Related Parties
1- filerCIK 0001526231
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 12:48 PM ET
- Size
- 17.0 KB