Jesse A. Deering - Jul 30, 2021 Form 4 Insider Report for MACKINAC FINANCIAL CORP /MI/ (MFNC)

Role
EVP and CFO
Signature
/s/ Jeffrey H. Kuras, by Power of Attorney
Stock symbol
MFNC
Transactions as of
Jul 30, 2021
Transactions value $
-$21,864
Form type
4
Date filed
8/3/2021, 04:51 PM
Next filing
Sep 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MFNC Common Stock Sale -$6.08K -296 -27.77% $20.53 770 Jul 30, 2021 By 401(k) Plan F1, F2
transaction MFNC Common Stock Sale -$2.79K -136 -17.66% $20.52 634 Aug 2, 2021 By 401(k) Plan F1, F3
transaction MFNC Common Stock Sale -$13K -634 -100% $20.50 0 Aug 3, 2021 By 401(k) Plan F1
holding MFNC Common Stock 30.3K Jul 30, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of shares was made in connection with the wind-down of the Issuer's 401(k) Plan, and includes the sale of shares accumulated by the plan for the reporting person's account since the date of the issuer's most recent Section 16 filing.
F2 The price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $20.50 to $20.61 per share. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F3 The price represents the weighted average price of the multiple transactions reported on this line. The shares were sold at prices ranging from $20.50 to $20.59 per share. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.