SEC Form 4 · accession 0001415889-16-007574
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
Dec 12, 2016
Accepted (ET)
Dec 13, 2016 · 4:23 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 StockF1 | Dec 12, 2016 | S | 9,551 | $35.18 | D | 56,261 | D | |
| Common Stock | holding | — | — | — | 13,074 | 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) | $22.15 | holding | — | — | — | Nov 13, 2016 | Nov 12, 2021 | Common Stock | 2,000 | 2,000 | D |
| 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) | $36.22 | holding | — | — | — | Nov 17, 2018 | Nov 16, 2023 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.99 to $35.48, 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.