SEC Form 4 · accession 0000039311-16-000077
INDEPENDENT BANK CORP /MI/ · IBCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Twarozynski
Officer — Senior Vice President
Period of report
Jan 21, 2016
Accepted (ET)
Jan 25, 2016 · 2:07 pm EST
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 Stock | Jan 21, 2016 | A | 842 | $0.00 | A | 4,658 | D | |
| Common Stock | holding | — | — | — | 2,416 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightF1 | — | Jan 21, 2016 | A | 280 | A | — | Jan 21, 2019 | Common Stock | — | 280 | D |
Explanation of responses
- F1Each Performance Right (PSU) represents a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's common stock, relative to its peer group index.