SEC Form 4 · accession 0000039311-15-000041
INDEPENDENT BANK CORP /MI/ · IBCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert N Shuster
Officer — Executive Vice President
Period of report
Aug 28, 2015
Accepted (ET)
Aug 31, 2015 · 12:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 28, 2015 | M | 34,030 | — | A | 59,140 | D | |
| Common Stock | Aug 28, 2015 | F | 10,753 | $14.16 | D | 48,387 | D | |
| Common Stock | holding | — | — | — | 5,660 | I | By IRA | |
| Common Stock | holding | — | — | — | 3,419 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F1 | — | Aug 28, 2015 | M | 34,030 | D | Aug 28, 2015 | Aug 28, 2015 | Common Stock | 34,030 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive 1 share of Independent Bank Corporation common stock. On August 28, 2015, the reporting person's restricted stock units vested and were settled for an equal number of shares of Independent Bank Corporation common stock.
- F2Includes 937 restricted stock units acquired through Dividend Reinvestment Program (DRIP)