|    |                                                                                                       |
|----|-------------------------------------------------------------------------------------------------------|
| A. | Full title of the plan and the address of the plan, if different from that of the Issuer named below: |

|    |                                                                                                     |
|----|-----------------------------------------------------------------------------------------------------|
| B. | Name of issuer of the securities held pursuant to the plan and the address of its principal office: |

----

----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |
| Report of Independent Registered Public Accounting Firm        | 1 |  |
|                                                           |   |
| Financial Statements                                           |   |
| Statements of Net Assets Available for Benefits                | 2 |  |
| Statements of Changes in Net Assets Available for Benefits     | 3 |  |
| Notes to Financial Statements                                  | 4 |  |
|                                                           |   |
| Supplemental Schedule                                          |   |
| Schedule H, Line 4i - Schedule of Assets (Held at End of Year) | 14 |  |

----

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |
|                                                | 2014 | 2013 |
| Assets                                              |   |   |
| Investments, at fair value                          |   |   |
| Common Stock                                        | $ | 4,891,955 |  | $ | 3,288,919 |  |
| Mutual Funds                                        | 82,728,498 |  | 70,090,721 |  |
| Collective Investment Fund                          | 4,837,600 |  | 4,218,104 |  |
| Money Market Funds                                  | 4,571,391 |  | 4,642,469 |  |
| Total Investments                                   | 97,029,444 |  | 82,240,213 |  |
|                                                |   |   |
| Receivables                                         |   |   |
| Accrued Income                                      | 503,364 |  | 67,543 |  |
| Employer Contributions                              | 748,496 |  | 841,547 |  |
| Notes Receivable from Participants                  | 1,995,019 |  | 1,774,910 |  |
| Total Receivables                                   | 3,246,879 |  | 2,684,000 |  |
|                                                |   |   |
| Cash                                                | 138,987 |  | 21,593 |  |
|                                                |   |   |
| Total Assets                                        | 100,415,310 |  | 84,945,806 |  |
|                                                |   |   |
| Liabilities                                         |   |   |
| Excess Contributions Refundable                     | 61,188 |  | 44,110 |  |
| Accrued Administrative Expenses                     | 39,417 |  | 34,400 |  |
| Total Liabilities                                   | 100,605 |  | 78,510 |  |
|                                                |   |   |
|                                                |   |   |
| Net Assets Available for Benefits, at Fair Value    | 100,314,705 |  | 84,867,296 |  |
|                                                |   |   |
| Adjustment from fair value to contract value        |   |   |
| for interest in collective investment fund relating |   |   |
| to fully benefit-responsive investment contracts    | (15,606 | ) | (11,997 | ) |
|                                                |   |   |
|                                                |   |   |
| Net Assets Available for Benefits                   | $ | 100,299,099 |  | $ | 84,855,299 |  |

----

|                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                        |  |  |  |  |  |  |
|                                                                                                                   | 2014 | 2013 |
| Investment Income                                                                                                      |   |   |
| Net Appreciation in Fair Value of Investments                                                                          | $ | 1,420,078 |  | $ | 10,298,886 |  |
| Investment Dividends                                                                                                   | 4,379,058 |  | 3,817,529 |  |
| Net Investment Income                                                                                                  | 5,799,136 |  | 14,116,415 |  |
|                                                                                                                   |   |   |
| Interest Income From Notes Receivable from Participants                                                                | 76,211 |  | 67,235 |  |
|                                                                                                                   |   |   |
| Contributions                                                                                                          |   |   |
| Participants                                                                                                           | 4,622,860 |  | 3,931,399 |  |
| Employer                                                                                                               | 3,390,341 |  | 3,099,579 |  |
| Rollovers                                                                                                              | 5,960,722 |  | 469,029 |  |
| Transfers In-Kind, First Merchants Corporation Common Stock                                                            | 1,246,562 |  | — |  |
| Total Contributions                                                                                                    | 15,220,485 |  | 7,500,007 |  |
|                                                                                                                   |   |   |
| Total Additions                                                                                                        | $ | 21,095,832 |  | $ | 21,683,657 |  |
|                                                                                                                   |   |   |
|                                                                                                                   |   |   |
| Deductions                                                                                                             |   |   |
| Benefits Paid to Participants                                                                                          | 5,729,045 |  | 5,306,693 |  |
| Administrative Expenses                                                                                                | 109,781 |  | 106,535 |  |
| Total Deductions                                                                                                       | $ | 5,838,826 |  | $ | 5,413,228 |  |
|                                                                                                                   |   |   |
| Net Increase                                                                                                           | 15,257,006 |  | 16,270,429 |  |
|                                                                                                                   |   |   |
| Transfer from Citizens Financial Bank 401(k) Retirement Plan,  Participant Loans                                       | 72,882 |  | — |  |
|                                                                                                                   |   |   |
| Transfer from Citizens Financial Bank 401(k) Retirement Plan,                In-Kind First Merchants Corporation Stock | 113,912 |  | — |  |
|                                                                                                                   |   |   |
| Net Assets Available for Benefits, Beginning of Year                                                                   | 84,855,299 |  | 68,584,870 |  |
|                                                                                                                   |   |   |
| Net Assets Available for Benefits, End of Year                                                                         | $ | 100,299,099 |  | $ | 84,855,299 |  |

----

|         |                     |
|---------|---------------------|
| Note 1: | Description of Plan |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Retirement security contributions:  Effective January 1, 2013, the plan was amended to replace the previous service weighted contribution structure with a range from 2% to 7% of pay based on years of continuous service, to a non-elective 2% of pay contribution.  The participant must have 1,000 hours of service and be employed at the end of the Plan year.  Effective January 1, 2010, any employee who is hired or rehired after January 1, 2010 is not eligible for the Retirement Security Contribution. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Matching contributions:  Effective January 1, 2013, the plan was amended to change the match structure to increase the employer match to a maximum of 4.5% of employees' eligible compensation. The matching employer contribution increased from 50% of the first 6% of employees' eligible compensation, to 100% of the first 3% of employees’ eligible compensation plus 50% of contributions that exceed 3% but are less than 6% of eligible compensation for all participating employees. |

----

----

----

|         |                                            |
|---------|--------------------------------------------|
| Note 2: | Summary of Significant Accounting Policies |

----

|         |             |
|---------|-------------|
| Note 3: | Investments |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |
|                       | 2014 |
|                       | Net |   |
|                       | Appreciation | Fair Value |
|                       | in Fair Value | at End |
|                       | During Year | Of Year |
|                       |   |   |
| Common Stock               | $ | 169,938 |  | $ | 4,891,955 |  |
| Mutual Funds               | 1,250,140 |  | 82,728,498 |  |
| Collective Investment Fund | — |  | 4,837,600 |  |
| Money Market Funds         | — |  | 4,571,391 |  |
|                       |   |   |
|                       | $ | 1,420,078 |  | $ | 97,029,444 |  |
|                       |   |   |
|                       |   |   |
|                       | 2013 |
|                       | Net |   |
|                       | Appreciation | Fair Value |
|                       | in Fair Value | at End |
|                       | During Year | Of Year |
|                       |   |   |
| Common Stock               | $ | 1,200,422 |  | $ | 3,288,919 |  |
| Mutual Funds               | 9,098,464 |  | 70,090,721 |  |
| Collective Investment Fund | — |  | 4,218,104 |  |
| Money Market Funds         | — |  | 4,642,469 |  |
|                       |   |   |
|                       | $ | 10,298,886 |  | $ | 82,240,213 |  |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |
|                              | 2014 | 2013 |
| Fidelity Contra Fund              | $ | 7,635,277 |  | $ | 6,880,133 |  |
| Vanguard Windsor II Fund          | 7,291,125 |  | 6,619,211 |  |
| Goldman Sachs Mid Cap Equity Fund | 5,791,091 |  | 5,159,015 |  |
| Federated Total Return Bond       |   | 4,354,906 |  |

|         |                                                        |
|---------|--------------------------------------------------------|
| Note 4: | Disclosures About Fair Value of Assets and Liabilities |

|         |                                                                     |
|---------|---------------------------------------------------------------------|
| Level 1 | Quoted prices in active markets for identical assets or liabilities |

|         |                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |
|                       |   | 2014 |
|                       |   | Fair Value Measurements Using |
|                       |   | Quoted Prices |   |   |
|                       |   | in Active | Significant |   |
|                       |   | Markets for | Other | Significant |
|                       |   | Identical | Observable | Unobservable |
|                       | Fair | Assets | Inputs | Inputs |
|                       | Value | (Level 1) | (Level 2) | (Level 3) |
| Common Stock               | $ | 4,891,955 |  | $ | 4,891,955 |  |   |   |
| Mutual Funds               |   |   |   |   |
| Bonds                      | 10,428,086 |  | 10,428,086 |  |   |   |
| Broad Market               | 74,063 |  | 74,063 |  |   |   |
| Emerging Market            | 515,949 |  | 515,949 |  |   |   |
| International Equities     | 5,227,789 |  | 5,227,789 |  |   |   |
| Large Cap Equities         | 23,780,373 |  | 23,780,373 |  |   |   |
| Lifecycle Funds            | 20,339,436 |  | 20,339,436 |  |   |   |
| Mid-Cap Equities           | 12,297,321 |  | 12,297,321 |  |   |   |
| Real Estate                | 1,642,600 |  | 1,642,600 |  |   |   |
| Small-Cap Equities         | 8,422,881 |  | 8,422,881 |  |   |   |
|                       | 82,728,498 |  | 82,728,498 |  |   |   |
| Money Market Fund          | 4,571,391 |  | 4,571,391 |  |   |   |
| Collective Investment Fund | 4,837,600 |  |   | 4,837,600 |  |   |
|                       | $ | 97,029,444 |  | $ | 92,191,844 |  | $ | 4,837,600 |  | — |  |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |
|                       |   | 2013 |
|                       |   | Fair Value Measurements Using |
|                       |   | Quoted Prices |   |   |
|                       |   | in Active | Significant |   |
|                       |   | Markets for | Other | Significant |
|                       |   | Identical | Observable | Unobservable |
|                       | Fair | Assets | Inputs | Inputs |
|                       | Value | (Level 1) | (Level 2) | (Level 3) |
| Common Stock               | $ | 3,288,919 |  | $ | 3,288,919 |  |   |   |
| Mutual Funds               |   |   |   |   |
| Bonds                      | 9,708,435 |  | 9,708,435 |  |   |   |
| Broad Market               | 43,066 |  | 43,066 |  |   |   |
| Emerging Market            | 475,238 |  | 475,238 |  |   |   |
| International Equities     | 5,326,761 |  | 5,326,761 |  |   |   |
| Large Cap Equities         | 21,000,003 |  | 21,000,003 |  |   |   |
| Lifecycle Funds            | 12,950,390 |  | 12,950,390 |  |   |   |
| Mid-Cap Equities           | 10,894,088 |  | 10,894,088 |  |   |   |
| Real Estate                | 1,358,252 |  | 1,358,252 |  |   |   |
| Small-Cap Equities         | 8,334,488 |  | 8,334,488 |  |   |   |
|                       | 70,090,721 |  | 70,090,721 |  |   |   |
| Money Market Fund          | 4,642,469 |  | 4,642,469 |  |   |   |
| Collective Investment Fund | 4,218,104 |  |   | 4,218,104 |  |   |
|                       | $ | 82,240,213 |  | $ | 78,022,109 |  | $ | 4,218,104 |  | — |  |

|         |                                |
|---------|--------------------------------|
| Note 5: | Party-in-Interest Transactions |

----

|                                                                                                                                                                                                                                                                                                               |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                               |  |  |  |
|                                                                                                                                                                                                                                                                                                          | First Merchants |
|                                                                                                                                                                                                                                                                                                          | Corporation |
|                                                                                                                                                                                                                                                                                                          | Common Stock |
|                                                                                                                                                                                                                                                                                                          |   |
| Balance at January 1, 2013                                                                                                                                                                                                                                                                                    | $ | 2,182,875 |  |
|                                                                                                                                                                                                                                                                                                          |   |
| Total unrealized gain included in net increase in                                                                                                                                                                                                                                                             |   |
| net assets available for benefits                                                                                                                                                                                                                                                                             | 1,033,619 |  |
| Total realized gain included in net increase in                                                                                                                                                                                                                                                               |   |
| net assets available for benefits                                                                                                                                                                                                                                                                             | 166,803 |  |
| Purchases                                                                                                                                                                                                                                                                                                     | 334,881 |  |
| Settlements                                                                                                                                                                                                                                                                                                   | (429,259 | ) |
|                                                                                                                                                                                                                                                                                                          |   |
| Balance at December 31, 2013                                                                                                                                                                                                                                                                                  | 3,288,919 |  |
|                                                                                                                                                                                                                                                                                                          |   |
| Total unrealized gain included in net increase in                                                                                                                                                                                                                                                             |   |
| net assets available for benefits                                                                                                                                                                                                                                                                             | 29,939 |  |
| Total realized gain included in net increase in                                                                                                                                                                                                                                                               |   |
| net assets available for benefits                                                                                                                                                                                                                                                                             | 139,999 |  |
| In-Kind Transfer from Citizens Financial Bank 401(k)                                                                                                                                                                                                                                                          |   |
| Retirement Plan*                                                                                                                                                                                                                                                                                              | 1,360,474 |  |
| Purchases                                                                                                                                                                                                                                                                                                     | 429,748 |  |
| Settlements                                                                                                                                                                                                                                                                                                   | (357,124 | ) |
|                                                                                                                                                                                                                                                                                                          |   |
| Balance at December 31, 2014                                                                                                                                                                                                                                                                                  | $ | 4,891,955 |  |
|                                                                                                                                                                                                                                                                                                          |   |
| * As described in Note 1, Citizens Financial bank was acquired in November 2013.  The Citizens Financial Bank stock held by the Plan was converted to First Merchants Corporation Stock at that time.  During 2014 the Citizens Financial Bank Plan was terminated and stock transferred in-kind to the Plan. |

|         |                         |
|---------|-------------------------|
| Note 6: | Risks and Uncertainties |

----

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |
|                                       |  (c) |   |
| (a)(b)                                     |  Description of |   |
| Identity of Issue,                         |  Investment |  (e) |
| Borrower, Lessor or                        |  Including Par or |  Current |
| Similar Party                              |  Maturity Value |  Value |
|                                       |   |   |   |
| Common Stock                               |   |   |   |
| *First Merchants Corporation               | 215,031 |  | shares | $ | 4,891,955 |  |
|                                       |   |   |   |
| Mutual Funds                               |   |   |   |
| American Europacific Growth Fund           | 33,564 |  | shares | 1,580,527 |  |
| American High Income Trust Fund            | 232,022 |  | shares | 2,494,240 |  |
| Capital World Bond Fund                    | 35,492 |  | shares | 704,516 |  |
| Dodge & Cox International Fund         | 39,754 |  | shares | 1,674,047 |  |
| Federated U.S. Government Fund             | 187,746 |  | shares | 2,072,714 |  |
| Federated Total Return Bond                | 431,750 |  | shares | 4,766,522 |  |
| Fidelity Contra Fund                       | 77,935 |  | shares | 7,635,277 |  |
| Franklin Small Cap Value  Fund             | 64,727 |  | shares | 3,617,581 |  |
| Goldman Sachs Mid Cap Equity Fund          | 139,276 |  | shares | 5,791,091 |  |
| MFS International Discovery Fund           | 34,640 |  | shares | 941,502 |  |
| Nuveen Mid Cap Growth Fund                 | 58,506 |  | shares | 2,716,430 |  |
| Nuveen Real Estate Fund                    | 68,158 |  | shares | 1,642,600 |  |
| T Rowe Emerging Markets Fund               | 15,934 |  | shares | 515,949 |  |
| T Rowe Price Dividend Growth Fund          | 115,089 |  | shares | 4,158,161 |  |
| Vanguard 500 Index Fund                    | 24,729 |  | shares | 4,695,810 |  |
| Vanguard Inflation Protected Bond          | 16,113 |  | shares | 390,094 |  |
| Vanguard International Growth Admiral      | 15,068 |  | shares | 1,031,713 |  |
| Vanguard Total International Stock Admiral | 2,849 |  | shares | 74,063 |  |
| Vanguard Mid Cap Index Fund                | 24,775 |  | shares | 3,789,800 |  |
| Vanguard Small Cap Growth Index Fund       | 39,876 |  | shares | 1,764,919 |  |
| Vanguard Small Cap Index Fund              | 54,419 |  | shares | 3,040,381 |  |
| Vanguard Target Retirement Fund            | 27,738 |  | shares | 358,095 |  |
| Vanguard Target 2015 Fund                  | 96,094 |  | shares | 1,469,282 |  |
| Vanguard Target 2025 Fund                  | 232,049 |  | shares | 3,835,764 |  |
| Vanguard Target 2035 Fund                  | 167,400 |  | shares | 2,986,412 |  |
| Vanguard Target 2045 Fund                  | 57,561 |  | shares | 1,073,512 |  |
| Vanguard Target 2010 Fund                  | 23,639 |  | shares | 622,171 |  |
| Vanguard Target 2020 Fund                  | 123,946 |  | shares | 3,527,497 |  |
| Vanguard Target 2060 Fund                  | 951 |  | shares | 26,810 |  |
| Vanguard Target 2055 Fund                  | 3,524 |  | shares | 112,699 |  |
| Vanguard Target 2050 Fund                  | 31,979 |  | shares | 947,227 |  |
| Vanguard Target 2040 Fund                  | 68,546 |  | shares | 2,039,916 |  |
| Vanguard Target 2030 Fund                  | 115,016 |  | shares | 3,340,051 |  |
| Vanguard Windsor II Fund                   | 110,138 |  | shares | 7,291,125 |  |
|                                       |   |   | 82,728,498 |  |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |
|                                 |  (c) |   |
| (a)(b)                               |  Description of |   |
| Identity of Issue,                   |  Investment |  (e) |
| Borrower, Lessor or                  |  Including Par or |  Current |
| Similar Party                        |  Maturity Value |  Value |
|                                 |   |   |   |
| Collective Investment Fund           |   |   |   |
| Federated Capital Preservation Fund  | 482,199 |  | units | 4,837,600 |  |
|                                 |   |   |   |
| Money Market Funds                   |   |   |   |
| Federated Government Obligation Fund | 2,931,102 |  | shares | 2,931,101 |  |
| Federated U.S. Treasury Cash Fund    | 1,640,290 |  | shares | 1,640,290 |  |
|                                 |   |   | 4,571,391 |  |
|                                 |   |   |   |
| *Participant Loans                   |  4.0% - 6.0%; 01/2015 - 04/2026 | 1,995,019 |  |
|                                 |   |   |   |
|                                 |   |   | $ | 99,024,463 |  |
| *Party-in-interest                   |   |   |   |

----