Thomas M Prame, EVP of First Midwest Bancorp, recently disposed of 1,854 shares of the company. The disposals took place at $24.54 per share, on February 19, 2017. Prame still owns 27,633 shares of the company. Prame operates out of Itasca, IL. Some additional info was provided as follows:
This amendment is being filed to correct the price per share of shares surrendered to satisfy tax withholding obligations, which was previously misstated due to a typographical error.
On February 19, 2014 the Issuer granted the Reporting Person a Restricted Stock Award (RSA) of 8,168 restricted shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan which were scheduled to vest in two equal annual installments on the
second and third anniversary of the date of grant. On February 19, 2017, the remaining 4,084 shares of the originally granted RSAs vested, of which 1,854 shares were surrendered by the Reporting Person in order to satisfy tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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