Stefanie M. Kimball - 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 $
-$48,406
Form type
4
Date filed
1/25/2022, 03:11 PM
Previous filing
Sep 9, 2021
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 +1.92K +3.2% 61.9K Jan 22, 2022 Direct F1
transaction IBCP Common Stock Tax liability -$22K -900 -1.45% $24.46 61K Jan 22, 2022 Direct
transaction IBCP Common Stock Tax liability -$26.4K -1.08K -1.77% $24.46 59.9K Jan 22, 2022 Direct
holding IBCP Common Stock 4.71K Jan 22, 2022 By ESOP
holding IBCP Common Stock 230 Jan 22, 2022 By IRA

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 -2.3K -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.