Patrick J. Ervin - 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
-$45,349
Form type
4
Filing time
25 Jan 2022, 15:27:31 UTC
Previous filing
12 Oct 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 +1,724 +6.3% 29,213 22 Jan 2022 Direct F1
transaction IBCP Common Stock Tax liability $20,620 -843 -2.9% $24.46 28,370 22 Jan 2022 Direct
transaction IBCP Common Stock Tax liability $24,729 -1,011 -3.6% $24.46 27,359 22 Jan 2022 Direct
holding IBCP Common Stock 736 22 Jan 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 -2,067 -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.