Filing Details

Accession Number:
0001104659-17-009094
Form Type:
13G Filing
Publication Date:
2017-02-14 12:55:56
Filed By:
Love Andrew S Jr
Company:
Midland States Bancorp Inc. (NASDAQ:MSBI)
Filing Date:
2017-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Andrew S. Love, Jr 100,263 785,695 100,263 785,695 885,958 5.7%
Bank of America and Andrew Sproule Love, Jr. as Trustees U T W of Andrew Sproule Love FBO Andrew Sproule Love, Jr 0 250,000 0 250,000 250,000 1.6%
Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U I T dated 0 6,249 0 6,249 6,249 0.0%
Love Group 0 173,709 0 173,709 173,709 1.1%
Love Investment Company 0 355,737 0 355,737 355,737 2.3%
Filing

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2

 

Under the Securities Exchange Act of 1934

Midland States Bancorp, Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

597742105

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

CUSIP No. 597742105

13G

 

 

 

1.

Names of Reporting Persons
Andrew S. Love, Jr.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
100,263

 

6.

Shared Voting Power
785,695

 

7.

Sole Dispositive Power
100,263

 

8.

Shared Dispositive Power
785,695

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
885,958

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)*
5.7%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 


*Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

2


 

CUSIP No. 597742105

13G

 

 

 

1.

Names of Reporting Persons
Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
250,000

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
250,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
250,000

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)*
1.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 


*Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

3


 

CUSIP No. 597742105

13G

 

 

 

1.

Names of Reporting Persons
Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
6,249

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
6,249

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
6,249

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)*
0.0%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 


*Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

4


 

CUSIP No. 597742105

13G

 

 

 

1.

Names of Reporting Persons
Love Group, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Missouri

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
173,709

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
173,709

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
173,709

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)*
1.1%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 


*Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

5


 

CUSIP No. 597742105

13G

 

 

 

1.

Names of Reporting Persons
Love Investment Company

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Missouri

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
355,737

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
355,737

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
355,737

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)*
2.3%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 


*Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

6


 

Item 1.

 

(a)

Name of Issuer
Midland States Bancorp, Inc.

 

(b)

Address of Issuers Principal Executive Offices
1201 Network Centre Drive

Effingham, Illinois 62401

 

Item 2.

 

(a)

Name of Person Filing
Andrew S. Love, Jr.

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr.

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959

 

Love Group, LLC

 

Love Investment Company

 

(b)

Address of Principal Business Office or, if none, Residence
212 S. Central, Suite 201

St. Louis, MO 63105

 

(c)

Citizenship
Andrew S. Love, Jr. United States

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. United States

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959, U.S.

 

Love Group, LLC - U.S.

 

Love Investment Company - U.S.

 

(d)

Title of Class of Securities
Common Stock, par value $0.01 per share, of Midland States Bancorp, Inc.

 

(e)

CUSIP Number
597742105

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

 

(j)

o

A non-U.S. institution in accordance with § 240.13d1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with § 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

§ 240.13d1(b)(1)(ii)(J), please specify the type of institution: Not applicable

 

7


 

Item 4.

Ownership

 

(a)

Amount beneficially owned:   

Andrew S. Love, Jr. 885,847

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 250,000

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959 6,249

 

Love Group, LLC 173,709

 

Love Investment Company 355,737

 

(b)

Percent of class:   

Andrew S. Love, Jr. 5.7*

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 1.6%*

 

Andrew Sproule Love , Jr., as trustee of the Love Family Charitable Trust 0.0%*

 

Love Group, LLC 1.1%*

 

Love Investment Company 2.3%*

 


 

 

* Based on 15,483,499 shares of common stock outstanding as of December 31, 2016.

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or direct the vote:   

Andrew S. Love, Jr. 100,263

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 0

 

8


 

 

 

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959  0

 

Love Group, LLC 0

 

Love Investment Company 0

 

 

(ii)

Shared power to vote or direct the vote:    

Andrew S. Love, Jr. 785,695

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 250,000

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959  6,249

 

Love Group, LLC 173,709

 

Love Investment Company 355,737

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

Andrew S. Love, Jr. 100,263

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 0

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959  0

 

Love Group, LLC 0

 

Love Investment Company 0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

Andrew S. Love, Jr. 785,695

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr. 250,000

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959  6,249

 

Love Group, LLC 173,709

 

Love Investment Company 355,737

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: o

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

 

Item 9.

Notice of Dissolution of Group

Not Applicable.

 

9


 

Item 10.

Certifications

Not Applicable.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:  February 14, 2017

 

 

Andrew S. Love, Jr.

 

 

 

/s/ Andrew S. Love, Jr.

 

 

 

Bank of America and Andrew Sproule Love, Jr. as Trustees U/T/W of Andrew Sproule Love FBO Andrew Sproule Love, Jr.

 

 

 

/s/ Andrew S. Love, Jr.

 

Name: Andrew S. Love, Jr.

 

Title: Trustee

 

 

 

Andrew Sproule Love, Jr., as beneficiary Trust created by Andrew Sproule Love U/I/T dated 12/31/1941 as amended U/I dated 8/3/1959

 

 

 

/s/ Andrew S. Love, Jr.

 

Name: Andrew S. Love, Jr.

 

Title: Beneficiary

 

 

 

Love Group, LLC

 

 

 

/s/ Andrew S. Love, Jr.

 

Name: Andrew S. Love

 

Title: Manager

 

 

 

Love Investment Company

 

 

 

/s/ Andrew S. Love, Jr.

 

Name: Andrew S. Love, Jr.

 

Title: Chairman

 

10