FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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 * MILLS DOUGLAS C   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 _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 100 WEST UNIVERSITY 3. Date of Earliest Transaction (Month/Day/Year) 11/10/2009 (Street) CHAMPAIGN, IL 61820 4. If Amendment, Date 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 (City) (State) (Zip) 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 Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock               894,813 I Linda M. Mills Trust dtd 12/18/1989, Douglas C. Mills, Trustee Common Stock               1,565,000 I Mills Investment LP Common Stock               39,924 I ESOP Plan Common Stock               15,812 I Profit Sharing 401(k) Plan Common Stock               936,300 I Douglas C. Mills Trust dtd 12/18/1989, Douglas C. Mills, Trustee Common Stock               41,000 I Mills Family Foundation Common Stock 11/10/2009 11/10/2009 A   3,152 A $ 3.76 484,889 D

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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

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

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock

$ 20.16

01/26/2009

12/15/2011

Stock Option

15,000

15,000

D

Common Stock

$ 14.56

04/16/2005

12/16/2010

Stock Option

45,000

45,000

D

Common Stock

$ 17.12

05/01/2009

12/15/2015

Stock Option

7,500

7,500

D

Common Stock

$ 7.53

06/01/2010

06/30/2019

Stock Option

7,500

7,500

D

Series A Convertible Preferred Stock

$ 4

(1)

(2)

Common

140,552

5.622

I

Mills Investment LP

Series A Convertible Preferred Stock

$ 4

(1)

(2)

Common

201,596

8.063

I

Linda M. Mills Marital Trust

Series A Convertible Preferred Stock

$ 4

(1)

(2)

Common

32,852

1.314

I

Linda M. Mills GST Marital Trust

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MILLS DOUGLAS C 100 WEST UNIVERSITY CHAMPAIGN, IL 61820	X

Signatures

/s/ Douglas C. Mills		11/13/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Series A Convertible Preferred Stock is convertible upon receipt of the shares being approved for such conversion at a special shareholder meeting December 2, 2009.
(2)	Series A Convertible Preferred Stock is perpetual and the conversion feature does not expire.

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