Paul D. Tobias - 17 Aug 2021 Form 4 Insider Report for MACKINAC FINANCIAL CORP /MI/ (MFNC)

Role
Chief Executive Officer, Director
Signature
/s/ Jeffrey H. Kuras, by Power of Attorney
Issuer symbol
MFNC
Transactions as of
17 Aug 2021
Transactions value $
-$91,467
Form type
4
Filing time
19 Aug 2021, 09:22:37 UTC
Next filing
08 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MFNC Common Stock Sale -$91.5K -4.39K -100% $20.82 0 17 Aug 2021 By 401(k) Plan F1, F2
holding MFNC Common Stock 108K 17 Aug 2021 Direct
holding MFNC Common Stock 54.2K 17 Aug 2021 By Tobias Capital LLC
holding MFNC Common Stock 73K 17 Aug 2021 IRA
* 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 $20.62 to $20.95 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.