Joel F. Rahn - Jan 22, 2022 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
Jan 22, 2022
Transactions value $
-$8,023
Form type
4
Date filed
1/25/2022, 02:33 PM
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBCP Common Stock Options Exercise +198 +1.57% 12.8K Jan 22, 2022 Direct F1
transaction IBCP Common Stock Tax liability -$1.74K -71 -0.55% $24.46 12.7K Jan 22, 2022 Direct
transaction IBCP Common Stock Tax liability -$6.29K -257 -2.02% $24.46 12.5K Jan 22, 2022 Direct
holding IBCP Common Stock 344 Jan 22, 2022 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 -238 -100% $0.00* 0 Jan 22, 2022 Common Stock 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.