Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Schaubert Sharon A.	2. Issuer Name and Ticker or Trading Symbol Midland States Bancorp, Inc. [ MSBI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) SVP Banking Services / Midland States Bank
(Last)          (First)          (Middle) 1201 NETWORK CENTRE DR.	3. Date of Earliest Transaction (MM/DD/YYYY) 11/16/2019
(Street) EFFINGHAM, IL 62401 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/16/2019		F		129	D	$28.05	29297	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$23							(1)	11/3/2025	Common Stock	8261		8261	D
Option (right to buy)	$21							(2)	12/2/2024	Common Stock	5702		5702	D
Option (right to buy)	$28.59							(3)	11/16/2026	Common Stock	4157		4157	D

Explanation of Responses:
(1)	These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
(2)	These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
(3)	These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Schaubert Sharon A. 1201 NETWORK CENTRE DR. EFFINGHAM, IL 62401			SVP Banking Services	Midland States Bank

Signatures
/s/ Schaubert Sharon A		11/18/2019
**Signature of Reporting Person		Date
/s/ Douglas J. Tucker, attorney-in-fact		11/18/2019
**Signature of Reporting Person		Date