Larry R. Daniel Jr - 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 $: -$32,214
Form type: 4
Date filed: 1/25/2022, 03:47 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		+1.67K	+10.1%		18.2K	Jan 22, 2022	Direct	F1
transaction	IBCP	Common Stock	Tax liability	-$14.7K	-599	-3.3%	$24.46	17.6K	Jan 22, 2022	Direct
transaction	IBCP	Common Stock	Tax liability	-$17.6K	-718	-4.08%	$24.46	16.9K	Jan 22, 2022	Direct
holding	IBCP	Common Stock						4.54K	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	-2K	-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.