X0306 4 2019-09-30 0001466026 Midland States Bancorp, Inc. MSBI 0001526231 Schultz John M 1201 NETWORK CENTRE DR. EFFINGHAM IL 62401 true false false false Common Stock 283426 D Common Stock 2750 I Spouse Common Stock 42554 I Agracel, Inc. Common Stock 69903 I JNJ, LLC Common Share Equivalent 2019-09-30 4 A false 428.8964 26.05 A Common Stock 428.8964 63443.4283 D Common Share Equivalent 2019-09-30 4 A false 597.6393 26.05 A Common Stock 597.6393 64041.0676 D Restricted Stock Unit Common Stock 1185 1185 D 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 Each common stock equivalent is the economic equivalent of one share of common stock. 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. 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 fully vested on the transaction date listed above and become payable upon termination of service as a director. 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 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder. /s/ Schultz John M 2019-10-02 /s/ Douglas J. Tucker, attorney-in-fact 2019-10-02