SEC Form 4 · accession 0001415889-16-006642
MERCANTILE BANK CORP · MBWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Price
Officer — CHAIRMAN, PRESIDENT AND CEO · Director
Period of report
Jul 28, 2016
Accepted (ET)
Aug 1, 2016 · 4:17 pm EDT
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 StockF1,F2 | Jul 28, 2016 | S | 11,520 | $24.987 | D | 72,174 | D | |
| Common StockF3 | holding | — | — | — | 13,001 | I | In 401(k) plan |
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 | holding | — | — | — | Nov 19, 2017 | Nov 18, 2022 | Common Stock | 2,000 | 2,000 | D |
| Employee Stock Option (right to buy) | $22.14 | holding | — | — | — | Nov 13, 2016 | Nov 12, 2021 | Common Stock | 2,000 | 2,000 | 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 $24.56 to $25.15, 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 by reinvesting cash dividends under the issuer's dividend reinvestment plan since last report of common stock ownership.
- F3Includes shares acquired pursuant to the issuer's 401(k) plan since last report of common stock ownership.