Midwestone Financial Group Inc - Annual Statement of Changes in Beneficial Ownership (5)

FORM 5

[ X ] 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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* CAMPBELL THOMAS W	2. Issuer Name and Ticker or Trading Symbol MIDWESTONE FINANCIAL GROUP INC [OSKY]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) REGIONAL PRESIDENT/SUBSIDIARY
(Last) (First) (Middle) P. O. BOX 1104	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2007
(Street) OSKALOOSA, IA 52577 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock							6900	D
Common Stock							4068 ⁽¹⁾	I	By ESOP

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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 (MM/DD/YYYY)		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 at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$19.875						⁽²⁾	12/31/2007	Common Stock	4000		4000	D
Stock Option	$16.875						⁽³⁾	12/31/2008	Common Stock	2000		2000	D
Stock Option	$11.25						⁽³⁾	12/31/2008	Common Stock	4000		4000	D
Stock Option	$16.01						⁽³⁾	12/31/2008	Common Stock	5000		5000	D
Stock Option	$18.76						⁽³⁾	12/31/2008	Common Stock	5250		5250	D
Stock Option	$20.84						⁽³⁾	12/31/2008	Common Stock	5000		5000	D
Stock Option	$17.77						⁽³⁾	12/30/2008	Common Stock	2100		2100	D

Explanation of Responses:
( 1)	Shares held in MidWestOne Financial Group, Inc. Employee Stock Ownership Plan, for which Mr. Campbell is an administrator, and allocated to Mr. Campbell's account as of December 31, 2007.
( 2)	Total stock options granted as of December 31, 1997 were 4,000, of which 33% were exercisable on or after 12/31/1998, 66% were exercisable on or after 12/31/1999, and 100% were exercisable on or after 12/31/2000.
( 3)	As a result of the forthcoming merger with ISB Financial Corp., the Compensation Committee determined that all of Mr. Campbell's stock options would be fully vested as of the date of his separation from service (December 31, 2007). These stock options must be exercised on or before December 31, 2008.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CAMPBELL THOMAS W P. O. BOX 1104 OSKALOOSA, IA 52577			REGIONAL PRESIDENT/SUBSIDIARY

Signatures
/s/Thomas W. Campbell		1/31/2008
^** 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).
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