SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* MILLS DOUGLAS C (Last) (First) (Middle) 2123 SEATON COURT (Street) CHAMPAIGN IL 61821 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol FIRST BUSEY CORP /NV/ [ BUSE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) X Other (specify below) First Busey Corporation / Chairman, President & CEO
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	11/13/2006		G	31,950	D	$0	519,712	D
Common Stock(1)							1,555,001	I	Mills Investment LP(1)
Common Stock	12/31/2006		A	1,252.746	A	$0	39,831.883	I	ESOP Plan
Common Stock(2)	12/31/2006		A	404.1867	A	$0	12,053.785	I	401(k)/Profit Sharing Plan
Common Stock							35,000	I	Mills Family Foundation(2)
Common Stock(3)	11/13/2006		G	52,200	D	$0	985,813	I	Linda M. Mills Trust(3)
Common Stock(3)	11/17/2006		A	9,000	A	$0	994,813	I	Linda M. Mills Trust(3)
Commons Stock(4)							937,500	I	Douglas C. Mills Trust(4)

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. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$14.56						04/16/2005	12/16/2010	Common Stock	45,000		45,000	D
Stock Option	$19.59						09/14/2007	09/14/2009	Common Stock	40,000		40,000	D
Stock Option	$20.16						01/26/2009	12/15/2011	Common Stock	15,000		15,000	D

Explanation of Responses:

1. Douglas C. Mills is the general partner for Mills Investment LP

2. Mr. Mills' son, Robert, is President of Mills Family Foundation

3. Mr. Mills' wife, Linda M. Mills, died Sept. 14, 2006 and shares are held in the Linda M. Mills Trust dtd 12-18-1989. Douglas C. Mills is the Trustee.

4. Douglas C. Mills Trust dtd 12-18-1989

	/s/Douglas C. Mills	02/14/2007
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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