Robert B. Kaminski - Jan 25, 2022 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
Jan 25, 2022
Transactions value $
-$37
Form type
4
Date filed
1/27/2022, 04:46 PM
Previous filing
Jan 3, 2022
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Options Exercise $33.2K +1.2K +1.45% $27.66 83.7K Jan 25, 2022 Direct
transaction MBWM Common Stock Tax liability -$33.2K -871 -1.04% $38.15 82.9K Jan 25, 2022 Direct
holding MBWM Common Stock 31.6K Jan 25, 2022 In 401(k) plan F1

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
transaction MBWM Employee Stock Option (right to buy) Options Exercise $0 -1.2K -100% $0.00* 0 Jan 25, 2022 Common Stock 1.2K $27.66 Direct
holding MBWM Employee Stock Option (right to buy) 1.5K Jan 25, 2022 Common Stock 1.5K $36.22 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.