Douglas B. Padnos - Aug 1, 2024 Form 4 Insider Report for MACATAWA BANK CORP (MCBC)

Role: Director
Signature: /s/ G. Charles Goode, By Power of Attorney
Stock symbol: MCBC
Transactions as of: Aug 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/2/2024, 08:40 AM
Previous filing: Nov 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Date	Ownership	Footnotes
transaction	MCBC	Common Stock	Disposed to Issuer	-120K	-100%	Aug 1, 2024	Direct	F1
transaction	MCBC	Common Stock	Disposed to Issuer	-5.5K	-100%	Aug 1, 2024	By Spouse's Trust	F1
transaction	MCBC	Common Stock	Disposed to Issuer	-10.3K	-100%	Aug 1, 2024	By Alexandra Limited Partnership	F1

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

Douglas B. Padnos is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On August 1, 2024, Wintrust Financial Corporation ("Wintrust") acquired the Issuer pursuant to an Agreement and Plan of Merger, dated as of April 15, 2024 (the "Merger Agreement"), by and among the Issuer, Wintrust and Leo Subsidiary LLC, a Michigan limited liability company and wholly owned subsidiary of Wintrust ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with Merger Sub surviving the Merger as a wholly owned subsidiary of Wintrust. At the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Issuer common stock, no par value automatically converted into the right to receive 0.137 shares of Wintrust common stock, no par value (the "Merger Consideration"). All restricted stock awarded under the Issuer's Stock Incentive Plan of 2015 vested immediately prior to the Effective Time and converted into the right to receive the Merger Consideration.

Content

On August 1, 2024, Wintrust Financial Corporation ("Wintrust") acquired the Issuer pursuant to an Agreement and Plan of Merger, dated as of April 15, 2024 (the "Merger Agreement"), by and among the Issuer, Wintrust and Leo Subsidiary LLC, a Michigan limited liability company and wholly owned subsidiary of Wintrust ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with Merger Sub surviving the Merger as a wholly owned subsidiary of Wintrust. At the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Issuer common stock, no par value automatically converted into the right to receive 0.137 shares of Wintrust common stock, no par value (the "Merger Consideration"). All restricted stock awarded under the Issuer's Stock Incentive Plan of 2015 vested immediately prior to the Effective Time and converted into the right to receive the Merger Consideration.