CHARLES E. CHRISTMAS - 16 Dec 2021 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role
EVP AND CFO
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
MBWM
Transactions as of
16 Dec 2021
Net transactions value
+$168,732
Form type
4
Filing time
20 Dec 2021, 17:04:45 UTC
Previous filing
26 Aug 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 $168,732 +4,850 +11% $34.79 48,770 16 Dec 2021 Direct F1
holding MBWM Common Stock 441 16 Dec 2021 By spouse in IRA F2
holding MBWM Common Stock 42,071 16 Dec 2021 401(k) Plan F3
holding MBWM Common Stock 1,811 16 Dec 2021 401(k) Plan for spouse F4

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 Options (right to buy) 1,000 16 Dec 2021 Common Stock 1,000 $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 since last report of common stock ownership by reinvesting cash dividends under the issuer's dividend reinvestment plan.
F3 Includes shares acquired pursuant to issuer's 401(k) Plan since last report of common stock ownership.
F4 Includes shares acquired pursuant to issuer's 401(k) Plan since last report of common stock ownership.