Patrick J. Ervin - Aug 29, 2021 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role: Executive Vice President
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol: IBCP
Transactions as of: Aug 29, 2021
Transactions value $: -$80,343
Form type: 4
Date filed: 10/12/2021, 04:14 PM
Next filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IBCP	Common Stock	Options Exercise		+8.69K	+38.46%		31.3K	Aug 29, 2021	Direct	F1
transaction	IBCP	Common Stock	Tax liability	-$80.3K	-3.79K	-12.11%	$21.21	27.5K	Aug 29, 2021	Direct
holding	IBCP	Common Stock						736	Aug 29, 2021	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IBCP	Performance Right	Options Exercise	$0	-10K	-100%	$0.00^*	0	Aug 29, 2021	Common Stock	0		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Performance Right (PSU) represented a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's Common Stock, relative to its peer group index.