Robert B. Kaminski - Dec 30, 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 30, 2021
Transactions value $
$0
Form type
4
Date filed
1/3/2022, 04:11 PM
Previous filing
Dec 20, 2021
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Award $0 +7.27K +11.45% $0.00 70.8K Dec 30, 2021 Direct F1
transaction MBWM Common Stock Award $0 +7.9K +11.15% $0.00 78.8K Dec 30, 2021 Direct F2
transaction MBWM Common Stock Award $0 +3.88K +4.93% $0.00 82.5K Dec 30, 2021 Direct F3
holding MBWM Common Stock 31.5K Dec 30, 2021 In 401(k) Plan 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 Option (right to buy) 1.5K Dec 30, 2021 Common Stock 1.5K $36.22 Direct
holding MBWM Common Stock 1.2K Dec 30, 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 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2018 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.
F2 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2019 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.
F3 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2020 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.
F4 Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.