CHARLES E. CHRISTMAS - 27 Jan 2022 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: 27 Jan 2022
Net transactions value: +$36,220
Form type: 4
Filing time: 27 Jan 2022, 19:22:40 UTC
Previous filing: 03 Jan 2022
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	Options Exercise	$36,220	+1,000	+1.6%	$36.22	61,648	27 Jan 2022	Direct
holding	MBWM	Common Stock						441	27 Jan 2022	By spouse in IRA
holding	MBWM	Common Stock						42,086	27 Jan 2022	401(k) Plan	F1
holding	MBWM	Common Stock						1,811	27 Jan 2022	401(k) Plan for spouse

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	-1,000	-100%	$0.000000^*	0	27 Jan 2022	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	Includes shares acquired pursuant to issuer's 401(k) Plan since last report of common stock ownership.