X0306 4 2018-07-16 0001466026 Midland States Bancorp, Inc. MSBI 0001526231 Schultz John M 1201 NETWORK CENTRE DR. EFFINGHAM IL 62401 true false false false Common Stock 2018-07-16 4 S false 2000 34.6825 D 292426 D Common Stock 2750 I Spouse Common Stock 42554 I Agracel, Inc. Common Stock 72903 I JNJ, LLC Common Share Equivalent Common Stock 58253.0521 58253.0521 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.6500 - $34.6901 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnote to this form. Includes holdings through a self-directed IRA or revocable grantor trust 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 No exercise price for this type of award Common share equivalents become payable upon termination of service as a director except for any unvested portion of the Issuer matching contribution. /s/ Schultz John M 2018-07-16 /s/ Douglas J. Tucker, attorney-in-fact 2018-07-16