SEC Form 4 · accession 0001596771-16-000092
MACKINAC FINANCIAL CORP /MI/ · MFNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Davison Tobias
Officer — Chief Executive Officer · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 4:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036506
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2016 | A | 5,803 | $0.00 | A | 67,388 | D | |
| Common Stock | holding | — | — | — | 3,588 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 54,194 | I | By Tobias Capital LLC | |
| Common Stock | holding | — | — | — | 72,970 | I | IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 22, 2016, the reporting person received a restricted stock award of 5,803 shares, which vests in four equal annual installments beginning on the first anniversary of the grant date.