SEC Form 4 · accession 0001415889-17-000989
MERCANTILE BANK CORP · MBWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Sullivan
Director
Period of report
Jun 12, 2017
Accepted (ET)
Jun 14, 2017 · 6:02 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 | Jun 12, 2017 | S | 500 | $33.80 | D | 66,926 | I | by IRA |
| Common StockF2 | Jun 12, 2017 | S | 3,301 | $34.29 | D | 63,625 | I | by IRA |
| Common StockF3 | Jun 13, 2017 | S | 2,797 | $33.24 | D | 60,828 | I | by IRA |
| Common StockF4 | Jun 14, 2017 | S | 515 | $33.00 | D | 60,313 | I | by IRA |
| Common Stock | holding | — | — | — | 19,523 | D |
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 (Common Stock - right to buy) | $7.80 | holding | — | — | — | Jun 1, 2014 | Nov 24, 2018 | Common Stock | 7,000 | 7,000 | D |
| Employee Stock Option (Common Stock - right to buy) | $22.14 | holding | — | — | — | Nov 13, 2016 | Nov 12, 2021 | Common Stock | 1,488 | 1,488 | D |
| Employee Stock Option (Common Stock - right to buy) | $27.66 | holding | — | — | — | Nov 19, 2017 | Nov 18, 2022 | Common Stock | 620 | 620 | 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 $33.20 to $34.11, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.29 to $34.31, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.15 to $33.30, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.10, 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.