White Bay Capital, LLLP - 16 Nov 2023 Form 4 Insider Report for MACATAWA BANK CORP

Role: 10%+ Owner
Signature: /s/ Phillip D. Torrence, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 16 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Nov 2023, 16:09:11 UTC
Previous filing: 10 Nov 2022
Next filing: 01 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCBC	Common Stock	Award	$0	+1,936	+0.04%	$0.000000	5,319,788	16 Nov 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reports the grant of shares of restricted stock issued to Nicole Dandridge as a director under the Macatawa Bank Corporation Stock Incentive Plan of 2015 ("Plan"), which Ms. Dandridge forfeits to Reporting Person. These shares will vest at the rate of one-third each year beginning on November 16, 2024, and will be fully vested on November 16, 2026. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.

Content

Reports the grant of shares of restricted stock issued to Nicole Dandridge as a director under the Macatawa Bank Corporation Stock Incentive Plan of 2015 ("Plan"), which Ms. Dandridge forfeits to Reporting Person. These shares will vest at the rate of one-third each year beginning on November 16, 2024, and will be fully vested on November 16, 2026. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.