SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Lynch John J (Last) (First) (Middle) C/O COLE TAYLOR BANK 9550 W HIGGINS ROAD (Street) ROSEMONT IL 60018 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TAYLOR CAPITAL GROUP INC [ TAYC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice Chairman Cole Taylor Bank
	3. Date of Earliest Transaction (Month/Day/Year) 08/18/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	08/18/2014		D		146,292	D	(1)	0	I	by Revocable Trust
Common Stock	08/18/2014		D		13,700	D	(2)	0	I	by Rollover IRA(3)
Common Stock	08/18/2014		D		22,182	D	(4)	0	D
Common Stock	08/18/2014		D		1,850	D	(5)	0	I	by IRA(6)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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 Stock (Option to Buy)	$6.23	08/18/2014		D			9,562	(7)	11/05/2017	Common Stock	9,562	$15.09	0	D

Explanation of Responses:

1. Disposed of pursuant to merger agreement between issuer and MB Financial, Inc. in exchange for 94,092 shares of MB Financial common stock having a market value of $26.80 per share at the effective time of the merger and approximately $596,871 of cash.

2. Disposed of pursuant to merger agreement between issuer and MB Financial, Inc. in exchange for 8,811 shares of MB Financial common stock having a market value of $26.80 per share at the effective time of the merger and approximately $55,896 of cash.

3. Shares held in a self-directed Rollover IRA.

4. Disposed of pursuant to merger agreement between issuer and MB Financial, Inc. Of the 22,182 shares, 9,089 represent unvested restricted stock awards which, in accordance with the merger agreement, were canceled at the effective time of the merger and converted into the right to receive a cash payment from MB Financial at the time of vesting under the vesting schedule of such awards. The remaining 13,093 shares were disposed of in exchange for 8,421 shares of MB Financial common stock having a market value of $26.80 per share at the effective time of the merger and approximately $53,419 of cash.

5. Disposed of pursuant to merger agreement between issuer and MB Financial, Inc. in exchange for 1,189 shares of MB Financial common stock having a market value of $26.80 per share at the effective time of the merger and approximately $7,548 of cash.

6. Shares held in a self-directed IRA.

7. This option, which provided for vesting in four equal annual installments beginning November 5, 2012, was canceled in the merger in exchange for a cash payment of $144,291, representing the difference between the exercise price and the merger consideration which would have otherwise been received for each share of stock underlying the option, calculated using the average closing price of MB Financial's common stock for the 10 trading days preceeding the closing of the merger.

Remarks:

	/s/ Brian Black, Attorney in Fact	08/19/2014
	** Signature of Reporting Person	Date
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.