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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)*
FIRST BUSEY CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
319383105
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] 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).
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.
(Continued on following pages)
PAGE 1 OF 4 PAGES
CUSIP NO. 319383105 13G
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
DOUGLAS C. MILLS
357-30-1324
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
UNITED STATES
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Number of 5. Sole Voting Power
Shares 3,132,204 (1)
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Beneficially 6. Shared Voting Power
Owned by 669,348 (2)
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Each 7. Sole Dispositive Power
Reporting 3,132,204 (1)
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Person With: 8. Shared Dispositive Power
669,348 (2)
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,801,552
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[ ]
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11. Percent of Class Represented by Amount in Row (9)
17.641%
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12. Type of Reporting Person (See Instructions)
IN
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PAGE 2 OF 4 PAGES
ITEM 1(a) NAME OF ISSUER:
FIRST BUSEY CORPORATION
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
P.O. BOX 17125
URBANA, IL 61803-17125
ITEM 2(a) NAME OF PERSON FILING:
DOUGLAS C. MILLS
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
2123 SEATON COURT
CHAMPAIGN, IL 61821
ITEM 2(c) CITIZENSHIP:
UNITED STATES
ITEM 2(d) TITLE AND CLASS OF SECURITIES:
COMMON STOCK
ITEM 2(e) CUSIP NUMBER:
319383105
ITEM 3 STATEMENT FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b):
NOT APPLICABLE
ITEM 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
3,801,552
(b) PERCENT OF CLASS:
17.641%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
3,132,204
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
669,348
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
3,132,204
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
669,348
PAGE 3 OF 4 PAGES
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
NOT APPLICABLE
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:
NOT APPLICABLE
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
NOT APPLICABLE
ITEM 9 NOTICE OF DISSOLUTION OF A GROUP:
NOT APPLICABLE
ITEM 10 CERTIFICATION:
NOT APPLICABLE
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.
February 10, 2006 //Douglas C. Mills//
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Date Signature
FOOTNOTE:
(1) Does not include 1,124,013 shares of Common Stock which are owned by Linda
M. Mills, the wife of Mr. Mills, in which he disclaims any beneficial interest.
Linda M. Mills files separate Section 13 and Section 16 reports reflecting the
ownership of these securities.
(2) Of these shares, 634,785 shares are held by the Martin A. Klingel Estate for
which Mr. Mills shares voting and dispositive powers with A. Barclay Klingel,
Jr., as co-executor. Mr. Mills shares voting and dispositive power of 34,563
shares with other Board Members of Busey Mills Community Foundation.
PAGE 4 OF 4 PAGES