OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: February 28, 2006 Estimated average burden hours per response......11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 7)* FIRST BUSEY CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 319383105 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- (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 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). LINDA M. MILLS ###-##-#### - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization UNITED STATES - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 1,124,013 (1) ----------------------------------------------------- Beneficially 6. Shared Voting Power Owned by 34,563 (2) ----------------------------------------------------- Each 7. Sole Dispositive Power Reporting 1,124,013 (1) ----------------------------------------------------- Person With: 8. Shared Dispositive Power 34,563 (2) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,158,576 (1) - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.385% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 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: LINDA M. 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: 1,158,576 (b) PERCENT OF CLASS: 5.385% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 1,124,013 (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 34,563 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 1,124,013 (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 34,563 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 //Linda M. Mills// - -------------------------- ---------------------------- Date Signature FOOTNOTE: (1) Does not include 3,132,204 shares of Common Stock which are owned by Douglas C. Mills, Chairman of the Board of First Busey Corporation and the husband of Mrs. Mills, in which she disclaims any beneficial interest. Douglas C. Mills files separate Section 13 and Section 16 reports reflecting the ownership of these securities. (2) Mrs. Mills shares voting and dispositive power with other Board Members of Busey Mills Community Foundation. PAGE 4 OF 4 PAGES