Sec Form 4 Filing - Saylor Kurt @ HEARTLAND FINANCIAL USA INC - 2016-09-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Saylor Kurt
2. Issuer Name and Ticker or Trading Symbol
HEARTLAND FINANCIAL USA INC [ HTLF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1398 CENTRAL AVE
3. Date of Earliest Transaction (MM/DD/YY)
09/12/2016
(Street)
DUBUQUE, IA52001
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 273,809 I Trust ( 1 )
Common Stock 09/12/2016 S 7,806 D $ 36.65 266,003 ( 2 ) I Trust ( 1 )
Common Stock 09/12/2016 S 7,100 D $ 36.6 258,903 ( 2 ) I Trust ( 1 )
Common Stock 111,138 I Wife's Trust ( 3 )
Common Stock 09/12/2016 S 3,188 D $ 36.65 107,950 ( 2 ) I Wife's Trust ( 3 )
Common Stock 09/12/2016 S 2,900 D $ 36.6 105,050 ( 2 ) I Wife's Trust ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2014 Performance Based Restricted Stock ( 4 ) ( 5 ) ( 5 ) Common Stock 1,030 $ 0 D
2014 Time-Based Restricted Stock ( 4 ) ( 6 ) ( 6 ) Common Stock 1,075 $ 0 D
2015 Performance Based Restricted Stock ( 4 ) ( 7 ) ( 7 ) Common Stock 995 $ 0 D
2015 Time-Based Restricted Stock ( 4 ) ( 8 ) ( 8 ) Common Stock 1,350 $ 0 D
2016 Performance Based Restricted Stock (1-year performance) ( 4 ) ( 9 ) ( 9 ) Common Stock 1,000 $ 0 D
2016 Time-Based Restricted Stock ( 4 ) ( 10 ) ( 10 ) Common Stock 1,000 $ 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Saylor Kurt
1398 CENTRAL AVE
DUBUQUE, IA52001
X
Signatures
/s/ Kurt Saylor 09/13/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares held by Kurt M. Saylor Trust dated 1-6-1998 for which Reporting Person acts as trustee.
( 2 )Shares sold pursuant to 10b5-1 Plan effective July 28, 2016
( 3 )Shares held by Melissa J. Saylor Trust dated 1-6-1998 for which Reporting Person's wife acts as trustee.
( 4 )Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
( 5 )These restricted stock units vest on 1-18-2017 if certain performance measures are achieved by the Issuer.
( 6 )Of these restricted stock units, 1/3 vest on 3-11-2017, 1/3 vest on 3-11-2018, and 1/3 vest on 3-11-2019.
( 7 )These restricted stock units vest on 1-18-2018 if certain performance measures are achieved by the Issuer.
( 8 )Of these restricted stock units, 1/3 vest on 1-20-2018, 1/3 vest on 1-20-2019, and 1/3 vest on 1-20-2020.
( 9 )These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.
( 10 )Of these restricted stock units, 1/3 vest on 1-19-2017, 1/3 vest on 1/19/2018, and 1/3 vest on 1/19/2019.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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