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

Role
PRESIDENT, CEO, Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
MBWM
Transactions as of
Dec 16, 2021
Transactions value $
$348,700
Form type
4
Date filed
12/20/2021, 05:07 PM
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Award $349K +10K +18.74% $34.79 63.5K Dec 16, 2021 Direct F1
holding MBWM Common Stock 31.5K Dec 16, 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) 1.5K Dec 16, 2021 Common Stock 1.5K $36.22 Direct
holding MBWM Employee Stock Option (right to buy) 1.2K Dec 16, 2021 Common Stock 1.2K $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.