<SEC-DOCUMENT>0000314489-25-000079.txt : 20250304
<SEC-HEADER>0000314489-25-000079.hdr.sgml : 20250304
<ACCEPTANCE-DATETIME>20250304154149
ACCESSION NUMBER:		0000314489-25-000079
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250301
FILED AS OF DATE:		20250304
DATE AS OF CHANGE:		20250304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Maddox Mike
		CENTRAL INDEX KEY:			0001776678
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15950
		FILM NUMBER:		25703852

	MAIL ADDRESS:	
		STREET 1:		11440 TOMAHAWK CREEK PARKWAY
		CITY:			LEAWOOD
		STATE:			KS
		ZIP:			66211

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BUSEY CORP /NV/
		CENTRAL INDEX KEY:			0000314489
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				371078406
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		201 W MAIN STREET
		CITY:			URBANA
		STATE:			IL
		ZIP:			61801
		BUSINESS PHONE:		2173654544

	MAIL ADDRESS:	
		STREET 1:		201 W MAIN STREET
		STREET 2:		PO BOX 123
		CITY:			URBANA
		STATE:			IL
		ZIP:			61801
</SEC-HEADER>
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<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">Acquired pursuant to that certain Agreement and Plan of Merger (the &quot;Merger Agreement&quot;) entered into on August 26, 2024, between Issuer and CrossFirst Bankshares, Inc. (&quot;CrossFirst&quot;). Pursuant to the Merger Agreement, at the effective time of the merger, CrossFirst merged with and into Issuer with Issuer surviving the merger, and each share of common stock, par value $0.01 per share, of CrossFirst outstanding immediately prior to the effective time of the merger, other than certain excluded shares, was converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Issuer and (b) cash in lieu of fractional shares.</footnote>
        <footnote id="F2">Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst restricted stock unit subject to time based vesting conditions (each, a &quot;CrossFirst RSU&quot;) was assumed and converted into a restricted stock unit award in respect of Issuer common stock, par value $0.001 (each, an &quot;Issuer RSU&quot;), subject to vesting, repurchase, or other lapse restriction with the same terms and conditions as were applicable under such CrossFirst RSU immediately prior to the effective time of the merger relating to the number of shares of Issuer common stock equal to the product of (A) 0.6675 shares of Issuer common stock, multiplied by (B) the number of shares of CrossFirst common stock subject to the CrossFirst RSUs immediately prior to the effective time of the merger, with any fractional shares rounded to the nearest whole share of Issuer common stock. Each Issuer RSU represents a contingent right to receive one share of Issuer common stock.</footnote>
        <footnote id="F3">Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst performance-based restricted stock unit award (each, a &quot;CrossFirst PSU&quot;) was assumed and converted into an Issuer RSU, subject to the same terms and conditions (including service-based vesting terms but excluding performance-based vesting terms) as applied to the CrossFirst PSU immediately prior to the effective time of the merger, relating to the number of shares of Issuer common stock equal to the product of (A) 0.6675 shares of Issuer common stock, multiplied by (B)(i) for CrossFirst PSUs granted in 2023, actual performance and (ii) for CrossFirst PSUs granted in 2024, target performance, in each case, with any fractional shares rounded to the nearest whole share of Issuer common stock. Each Issuer RSU represents a contingent right to receive one share of Issuer common stock.</footnote>
        <footnote id="F4">Pursuant to the Merger Agreement, at the effective time of the merger, each issued and outstanding share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01, of CrossFirst was converted into the right to receive one share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.001, of Issuer.</footnote>
        <footnote id="F5">The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F6">Pursuant to the Merger Agreement, at the effective time of the merger, each CrossFirst stock-settled stock appreciation right (&quot;CrossFirst SAR&quot;) outstanding immediately prior to the effective time of the merger was converted into a stock appreciation right in respect of Issuer common stock par value $0.001, relating to the number of shares of Issuer common stock equal to the product of (A) the number of shares of CrossFirst common stock subject to such CrossFirst SAR immediately prior to the closing of the merger, multiplied by (B) 0.6675 shares of common stock, par value $0.001, of Issuer (&quot;Exchange Ratio&quot;), with any fractional shares rounded down to the nearest whole share of Issuer common stock, and at an exercise price per share equal to (i) the exercise price per share of the CrossFirst SAR immediately prior to the effective time of the merger, divided by (ii) the Exchange Ratio, rounded up to the nearest whole cent.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Catherine Alqallaf, attorney-in-fact</signatureName>
        <signatureDate>2025-03-04</signatureDate>
    </ownerSignature>
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</SEC-DOCUMENT>
