Sec Form 4/A Filing - MILLS LINDA M @ FIRST BUSEY CORP /NV/ - 2006-05-05

FORM 4/A 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 MILLS LINDA M 2. Issuer Name and Ticker or Trading Symbol FIRST BUSEY CORP /NV/ [ BUSE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2123 SEATON COURT 3. Date of Earliest Transaction (MM/DD/YY) 05/05/2006 (Street) CHAMPAIGN, IL61821 4. If Amendment, Date Original Filed (MM/DD/YY) 05/18/2006 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 1,038,013 D Common Stock 05/05/2006 G 1,025 D $ 0 1,489,162 I Spouse Common Stock 05/05/2006 G 5,000 A $ 0 35,000 I Mills Family Foundation ( 2 ) ( 3 ) Common Stock 1,555,000.8 I Mills Investment LP ( 1 ) Common Stock 38,420.2403 I Spouse/ESOP Plan Common Stock 9,292.7949 I Spouse/401(k)/Profit Sharing Plan

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 Stock Option $ 20.16 01/26/2009 12/15/2011 Common Stock 15,000 15,000 I Spouse Stock Option $ 19.59 09/14/2007 09/14/2009 Common Stock 40,000 40,000 I Spouse Stock Option $ 14.56 04/16/2005 12/16/2010 Common Stock 45,000 45,000 I Spouse Stock Option $ 18.07 01/21/2005 12/15/2008 Common Stock 4,500 4,500 D Stock Option $ 19.83 01/21/2006 12/15/2009 Common Stock 3,000 3,000 D Stock Option $ 20.71 01/26/2009 12/15/2011 Common Stock 3,000 3,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MILLS LINDA M 2123 SEATON COURT CHAMPAIGN, IL61821 X Signatures /s/ Linda M. Mills 07/25/2006 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Mrs. Mills' spouse is the general partner for Mills Investment LP ( 2 )Mrs. Mills stepped down as President of Mills Family Foundation on May 23, 2006. Mrs. Mills' spouse currently serves as a Board member of the Mills Family Foundation. ( 3 )On May 5, 2006, a Form 4 was filed for Mrs. Mills' spouse indicating the gifting of 6,000 shares. 1,000 shares were gifted to a third party individual and 5,000 shares were gifted to the Mills Family Foundation which should have been reflected on Mr. Mills' Form 4 filing. Mr. Mills has gifted no new shares have been gifted since May 5, 2006.

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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