SEC Form 4 · accession 0001509153-15-000004
MACATAWA BANK CORP · MCBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
White Bay Capital, LLLP
10% Owner
Period of report
May 7, 2014
Accepted (ET)
Feb 10, 2015 · 2:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 7, 2014 | P | 47,619 | $4.95 | A | 5,276,708 | D | |
| Common StockF1 | Nov 26, 2014 | A | 1,000 | $0.00 | A | 5,277,708 | D | |
| Common Stock | Feb 6, 2015 | P | 33,177 | $5.48 | A | 5,310,885 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reports the grant of shares of restricted stock issued to Mark Bugge as a director under the Macatawa Bank Corporation 2006 Directors' Stock Compensation Plan ("Plan") which Mr. Bugge forfeits to Reporting Person. These shares will vest at the rate of one-third each year beginning on November 20, 2015, and will be fully vested on November 20, 2017. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.