SEC Form 4 · accession 0001415889-15-003811
MERCANTILE BANK CORP · MBWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Sullivan
Director
Period of report
Nov 19, 2015
Accepted (ET)
Nov 20, 2015 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001042729
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 19, 2015 | M | 1,653 | $22.8662 | A | 24,341 | D | |
| Common StockF1 | Nov 19, 2015 | S | 1,653 | $25.14 | D | 22,688 | D | |
| Common Stock | Nov 19, 2015 | A | 1,085 | $0.00 | A | 23,773 | D | |
| Common Stock | holding | — | — | — | 18,500 | I | by IRA | |
| Common StockF2 | holding | — | — | — | 57,520 | I | by 401K |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $27.66 | Nov 19, 2015 | A | 620 | A | Nov 19, 2017 | Nov 18, 2022 | Common Stock | 620 | 620 | D |
| Employee Stock Option (Common Stock - right to buy) | $22.8662 | Nov 19, 2015 | M | 1,653 | D | Jun 1, 2014 | Nov 28, 2015 | Common Stock | 1,653 | 0 | D |
| Employee Stock Option (Common Stock - right to buy) | $22.00 | holding | — | — | — | Jun 1, 2014 | Nov 27, 2016 | Common Stock | 1,575 | 1,575 | D |
| Employee Stock Option (Common Stock - right to buy) | $16.00 | holding | — | — | — | Jun 1, 2014 | Dec 3, 2017 | Common Stock | 7,000 | 7,000 | D |
| Employee Stock Option (Common Stock - right to buy) | $7.80 | holding | — | — | — | Jun 1, 2014 | Nov 24, 2018 | Common Stock | 7,000 | 7,000 | D |
| Employee Stock Option (right to buy) | $22.14 | holding | — | — | — | Nov 13, 2016 | Nov 12, 2021 | Common Stock | 1,488 | 1,488 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.13 to $25.16, inclusive. The reporting person undertakes to provide to Mercantile Bank Corporation, any security holder of Mercantile Bank Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.
- F2Includes shares acquired pursuant to issuer's 401(k) P lan since last report of common stock ownership.