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

Role
PRESIDENT, CEO, Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
MBWM
Transactions as of
16 Dec 2021
Net transactions value
+$348,700
Form type
4
Filing time
20 Dec 2021, 17:07:11 UTC
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 $348,700 +10,023 +19% $34.79 63,499 16 Dec 2021 Direct F1
holding MBWM Common Stock 31,512 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) 1,500 16 Dec 2021 Common Stock 1,500 $36.22 Direct
holding MBWM Employee Stock Option (right to buy) 1,200 16 Dec 2021 Common Stock 1,200 $27.66 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.