Raymond E. Reitsma - 28 Dec 2022 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
28 Dec 2022
Net transactions value
$0
Form type
4
Filing time
30 Dec 2022, 15:04:10 UTC
Previous filing
19 Dec 2022
Next filing
21 Feb 2023
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 +180 +0.39% $0.000000 46,682 28 Dec 2022 Direct F1
transaction MBWM Common Stock Award $0 +753 +1.6% $0.000000 47,435 28 Dec 2022 Direct F2
transaction MBWM Common Stock Award $0 +3,168 +6.7% $0.000000 50,603 28 Dec 2022 Direct F3
holding MBWM Common Stock 20,546 28 Dec 2022 In 401(k) Plan F4
holding MBWM Common Stock 2,153 28 Dec 2022 In Roth IRA

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 28 Dec 2022 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 2019 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
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 2020 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
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 2021 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
F4 Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.