Stefanie M. Kimball - 22 Jan 2022 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
Executive Vice President
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol
IBCP
Transactions as of
22 Jan 2022
Net transactions value
-$48,406
Form type
4
Filing time
25 Jan 2022, 15:11:42 UTC
Previous filing
09 Sep 2021
Next filing
28 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBCP Common Stock Options Exercise +1,918 +3.2% 61,892 22 Jan 2022 Direct F1
transaction IBCP Common Stock Tax liability $22,014 -900 -1.5% $24.46 60,992 22 Jan 2022 Direct
transaction IBCP Common Stock Tax liability $26,392 -1,079 -1.8% $24.46 59,913 22 Jan 2022 Direct
holding IBCP Common Stock 4,711 22 Jan 2022 By ESOP
holding IBCP Common Stock 230 22 Jan 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 -2,300 -100% $0.000000* 0 22 Jan 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.