X0306 4 2017-08-29 0001466026 Midland States Bancorp, Inc. MSBI 0001526325 Schultz Robert F. 1201 NETWORK CENTRE DR. EFFINGHAM IL 62401 true false false false Common Stock 2017-08-29 4 J false 19 29.638 A 3441 I Spouse Common Stock 2017-08-29 4 J false 244 29.7088 A 36297 I Summit Investors, LLP Common Stock 21266 D Common Stock 62306 I Red Bird Investors, LLC Common stock 250030 I J.M. Schultz Investment, LLC Common Share Equivalent 2017-09-29 4 A false 465.5934 31.68 A Common Stock 465.5934 50362.9526 D Common Share Equivalent 2017-09-29 4 A false 116.3984 31.68 A Common Stock 116.3984 50479.3510 D Common Share Equivalent 2017-09-29 4 A false 315.0086 31.68 A Common Stock 315.0086 50794.3596 D 19 shares have been added to reflect automatic dividend reinvestments since the Reporting Persons last Form 4, pursuant to Rule 16a-11 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 244 shares have been added to reflect automatic dividend reinvestments since the Reporting Persons last Form 4, pursuant to Rule 16a-11 Includes holdings through a self-directed IRA or revocable grantor trust No exercise price for this type of award Represents common share equivalents acquired by the reporting person under the Directors Deferred Compensation Plan (DDCP) of the Issuer with respect to directors 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 are fully vested on the transaction date listed above. Common share equivalents become payable upon termination of service as a director except for any unvested portion of the Issuer matching contribution. Represents common share equivalents acquired by the reporting person in the DDCP through the 25% Issuer matching contribution for the director fees paid to the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Common share equivalents received for the Issuer matching contribution vest in four equal annual portions beginning on the first anniversary of the grant date, and unvested matching contributions are forfeited at the time service as a director terminates. 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 are fully vested on the transaction date listed above and become payable upon termination of service as a director. /s/ Schultz Robert F 2017-10-03 /s/ Douglas J. Tucker, attorney-in-fact 2017-10-03