SEC Form 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).

(Print or Type Responses)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Schwartz, Thomas     J.

(Last)                      (First)                      (Middle)
300 Park Boulevard, Suite 405


(Street)
Itasca, IL     60143

(City)                      (State)                      (Zip)
USA
2. Issuer Name and Ticker or Trading Symbol

First Midwest Bancorp, Inc.   FMBI
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

                        Director                           10% Owner
           X          Officer                             Other
          EVP, Group President Cmm'l Banking, FMB

7. Individual or Joint/Group Filing (Check Applicable Line)

X   Form filed by One Reporting Person
      Form filed by More than One Reporting Person
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    Month/Day/Year

    February 19, 2003


5. If Amendment,
    Date of Original
    (Month/Day/Year)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)

2. Transaction Date
    (Month/Day/Year)
2A. Deemed
      Execution
      Date, if any

      (Month/Day/Year)
3. Transaction
    Code
    and
    Voluntary
    Code
    (Instr. 8)



Code  |  V    
4. Securities Acquired (A) or Disposed (D) Of
    (Instr. 3, 4, and 5)





        Amount      |         A/D         |         Price          
5. Amount of
    Securities
    Beneficially
    Owned
    Following
    Reported
Transaction(s)

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct(D)
    or
    Indirect (I)

    (Instr. 4)
7. Nature of
     Indirect
     Beneficial
     Ownership

    (Instr. 4)
Common Stock




30,408 (1)
D

Common Stock




644 (2)
I
By Custodian For Child
Common Stock




45,018
I
By NQ Stock Option Gain Deferral Plan Tr
Common Stock




530 (3)
I
By Profit Sharing Plan Trust








Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number.
(over)
SEC 1474 (9-02)

Schwartz, Thomas J. - February 19, 2003
Form 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
    (Instr. 3)
2. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Transaction
    Date

    (Month/
    Day/
    Year)
3A. Deemed
      Execution
      Date, if
      any

      (Month/
      Day/
      Year)
4. Transaction
    Code
    and
    Voluntary (V)
    Code
    (Instr.8)



Code | V    
5. Number of Derivative
    Securities Acquired (A)
    or Disposed (D) Of

    (Instr. 3,4 and 5)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)






  (DE)     |     (ED)  
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Derivative
    Security
    (Instr.5)
9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    Following
    Reported
    Transactions
    (Instr.4)
10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I)
(Instr.4)
11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
Non-Qualified Stock Option (right to buy)
$26.2550 02/19/2003

   A |     
    (A) 18,168
varies (4) | 02/19/2013
Common Stock - 18,168
18,168
D

Non-Qualified Stock Option (right to buy)
$27.6100



01/17/2003 | 02/17/2003
Common Stock - 1,222
1,222
D

Non-Qualified Stock Option (right to buy)
$10.9866



varies (5) | 02/16/2004
Common Stock - 3,200
3,200
D

Non-Qualified Stock Option (right to buy)
$10.7734



varies (6) | 02/15/2005
Common Stock - 3,459
3,459
D

Non-Qualified Stock Option (right to buy)
$12.1600



varies (7) | 02/21/2006
Common Stock - 3,233
3,233
D

Non-Qualified Stock Option (right to buy)
$17.1000



varies (8) | 02/19/2007
Common Stock - 2,420
2,420
D

Non-Qualified Stock Option (right to buy)
$21.7000



varies (9) | 02/18/2008
Common Stock - 2,289
2,289
D

Non-Qualified Stock Option (right to buy)
$18.5500



varies (10) | 02/17/2009
Common Stock - 2,785
2,785
D

Non-Qualified Stock Option (right to buy)
$21.8334



varies (11) | 08/18/2009
Common Stock - 1,606
1,606
D

Non-Qualified Stock Option (right to buy)
$18.4000



varies (12) | 02/16/2010
Common Stock - 6,455
6,455
D

Non-Qualified Stock Option (right to buy)
$22.5000



varies (13) | 02/21/2011
Common Stock - 6,231
6,231
D

Non-Qualified Stock Option (right to buy)
$28.6950



varies (14) | 02/20/2012
Common Stock - 15,304
15,304
D

Phantom Stock under NQ Retirement Plan
1-for-1



Immed. | (15)
Common Stock - 13,148
13,148
D













Explanation of Responses :


** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient,
            see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
By: By Andrea L. Stangl, Attorney in-fact                   02-21-2003    
** Signature of Reporting Person                         Date


Power of Attorney

Page 2

Schwartz, Thomas J. - February 19, 2003
Form 4 (continued)
FOOTNOTE Descriptions for First Midwest Bancorp, Inc. FMBI

Form 4 - February 2003

Thomas J. Schwartz
300 Park Boulevard, Suite 405

Itasca, IL 60143

Explanation of responses:

(1)   Between January 28, 2003 and February 19, 2003 the reporting person acquired 125 shares of First Midwest common stock under the First Midwest Bancorp, Inc. Dividend Reinvestment Plan. The information in this report is based on a plan statement dated January 31, 2003.
(2)   Between January 28, 2003 and February 19, 2003 the reporting person acquired 4 shares of First Midwest common stock under the First Midwest Bancorp, Inc. Dividend Reinvestment Plan. The information in this report is based on a plan statement dated January 31, 2003.
(3)   Between January 28, 2003 and February 19, 2003 the reporting person acquired 61 shares of First Midwest Bancorp, Inc. common stock under the First Midwest Bancorp, Inc. Savings and Profit Sharing Plan. The information in this report is based on a plan statement dated January 31, 2003.
(4)   The stock option vests in two equal annual installments beginning on February 19, 2005.
(5)   The stock option vests in two equal annual installments beginning on February 16, 1996.
(6)   The stock option vests in two equal annual installments beginning on February 15, 1997.
(7)   The stock option vests in two equal annual installments beginning on February 21, 1998.
(8)   The stock option vests in two equal annual installments beginning on February 19, 1999.
(9)   The stock option vests in two equal annual installments beginning on February 18, 2000.
(10)   The stock option vests in two equal annual installments beginning on February 17, 2001.
(11)   The stock option vests in two equal annual installments beginning on August 18, 2001.
(12)   The stock option vests in two equal annual installments beginning on February 16, 2002.
(13)   The stock option vests in two equal annual installments beginning on February 21, 2003.
(14)   The stock option vests in two equal annual installments beginning on February 20, 2004.
(15)   Shares of phantom stock are payable in cash following the termination of the reporting person's employment with First Midwest Bancorp, Inc.
Page 3