Midland States Bancorp, Inc. — Director's Dealing 2021

Jul 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Midland States Bancorp, Inc. (MSBI)
CIK: 0001466026
Period of Report: 2021-06-30

Reporting Person: Ramos Richard T (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-30	Common Share Equivalent	$	A	361.7910	Acquired		Common Stock (361.7910)	Direct
2021-06-30	Common Share Equivalent	$	A	1057	Acquired		Common Stock (1057)	Direct
2021-06-30	Restricted Stock Unit	$	A	1334	Acquired		Common Stock (1334)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11845	Direct
Common Stock	500	Indirect
Common Stock	500	Indirect

Footnotes

F1: Jointly owned with spouse.

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 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. 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.

F5: 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.

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 30, 2022 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.