CHARLES E. CHRISTMAS - 30 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
30 Dec 2021
Net transactions value
$0
Form type
4
Filing time
03 Jan 2022, 16:18:07 UTC
Previous filing
20 Dec 2021
Next filing
27 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 $0 +4,915 +10% $0.000000 53,685 30 Dec 2021 Direct F1
transaction MBWM Common Stock Award $0 +4,670 +8.7% $0.000000 58,355 30 Dec 2021 Direct F2
transaction MBWM Common Stock Award $0 +2,293 +3.9% $0.000000 60,648 30 Dec 2021 Direct F3
holding MBWM Common Stock 441 30 Dec 2021 By spouse in IRA
holding MBWM Common Stock 42,082 30 Dec 2021 401(k) Plan F4
holding MBWM Common Stock 1,811 30 Dec 2021 401(k) Plan for spouse F5

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) 1,000 30 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 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 issuer's 401(k) Plan since last report of common stock ownership.
F5 Includes shares acquired pursuant to issuer's 401(k) Plan since last report of common stock ownership.