Patrick J. Ervin - 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 $
-$45,349
Form type
4
Date filed
1/25/2022, 03:27 PM
Previous filing
Oct 12, 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 +1.72K +6.27% 29.2K Jan 22, 2022 Direct F1
transaction IBCP Common Stock Tax liability -$20.6K -843 -2.89% $24.46 28.4K Jan 22, 2022 Direct
transaction IBCP Common Stock Tax liability -$24.7K -1.01K -3.56% $24.46 27.4K Jan 22, 2022 Direct
holding IBCP Common Stock 736 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 -2.07K -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.