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

Role
EXECUTIVE VICE PRESIDENT
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, 16:29:47 UTC
Previous filing
20 Dec 2021
Next filing
18 Feb 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 +4,861 +17% $0.000000 33,013 30 Dec 2021 Direct F1
transaction MBWM Common Stock Award $0 +5,339 +16% $0.000000 38,352 30 Dec 2021 Direct F2
transaction MBWM Common Stock Award $0 +2,757 +7.2% $0.000000 41,109 30 Dec 2021 Direct F3
holding MBWM Common Stock 21,940 30 Dec 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 30 Dec 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.