Worthington Robert T. - 16 Dec 2021 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role: COO, SECRETARY, SVP, AND GC
Signature: /s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol: MBWM
Transactions as of: 16 Dec 2021
Net transactions value: +$52,011
Form type: 4
Filing time: 20 Dec 2021, 17:02:48 UTC
Previous filing: 07 Jun 2021
Next filing: 03 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBWM	Common Stock	Award	$52,011	+1,495	+17%	$34.79	10,274	16 Dec 2021	Direct	F1
holding	MBWM	Common Stock						23,131	16 Dec 2021	In 401(k) Plan	F2

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
holding	MBWM	Employee Stock Option (right to buy)						500	16 Dec 2021	Common Stock	500	$36.22	Direct

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

Explanation of Responses:

Id	Content
F1	This award of shares is being made pursuant to the Issuer's performance-based restricted stock award agreement, such that a portion or all of this award of restricted stock may be forfeited in the future if certain performance metrics are not met.
F2	Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.