Raymond E. Reitsma - Dec 30, 2021 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role
EXECUTIVE VICE PRESIDENT
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, 04:29 PM
Previous filing
Dec 20, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Award $0 +4.86K +17.27% $0.00 33K Dec 30, 2021 Direct F1
transaction MBWM Common Stock Award $0 +5.34K +16.17% $0.00 38.4K Dec 30, 2021 Direct F2
transaction MBWM Common Stock Award $0 +2.76K +7.19% $0.00 41.1K Dec 30, 2021 Direct F3
holding MBWM Common Stock 21.9K Dec 30, 2021 In 401(k) Plan

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) 500 Dec 30, 2021 Common Stock 500 $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.