Sec Form 4 Filing - HOLSCHBACH LEON J @ Midland States Bancorp, Inc. - 2019-09-30

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
HOLSCHBACH LEON J
2. Issuer Name and Ticker or Trading Symbol
Midland States Bancorp, Inc. [ MSBI]
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)
1201 NETWORK CENTRE DR.
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2019
(Street)
EFFINGHAM, IL62401
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 151,595 ( 1 ) D
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
Common Share Equivalent ( 2 ) 09/30/2019 A 39.9436 ( 2 ) ( 2 ) Common Stock 39.9436 $ 26.05 ( 3 ) 4,330.7595 D
Option (right to buy) $ 18.16 ( 4 ) 12/06/2020 Common Stock 11,820 11,820 D
Option (right to buy) $ 16.59 ( 5 ) 12/10/2023 Common Stock 8,766 8,766 D
Option (right to buy) $ 21 ( 6 ) 12/02/2024 Common Stock 22,762 22,762 D
Option (right to buy) $ 18 ( 7 ) 08/05/2024 Common Stock 90,000 90,000 D
Restricted Stock Unit ( 8 ) ( 8 ) ( 8 ) Common Stock 825 825 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOLSCHBACH LEON J
1201 NETWORK CENTRE DR.
EFFINGHAM, IL62401
X
Signatures
/s/ Holschbach Leon J 10/02/2019
Signature of Reporting Person Date
/s/ Douglas J. Tucker, attorney-in-fact 10/02/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes holdings through a self-directed IRA or revocable grantor trust
( 2 )Each common stock equivalent is the economic equivalent of one share of common stock.
( 3 )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.
( 4 )These options vest in four equal annual installments beginning one year after the 12/06/2010 date of grant.
( 5 )These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
( 6 )These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
( 7 )Options vested on 12/31/2017.
( 8 )Represents restricted stock units acquired by the reporting person under the 2019 Long-Term Incentive Plan on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units vest on March 31, 2020 and vested shares will be delivered to the reporting person within 30 days of vesting.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.