SEC Form 4 · accession 0000039311-16-000095
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
May 28, 2016
Accepted (ET)
Jun 1, 2016 · 10:33 am 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 | May 28, 2016 | M | 12,729 | — | A | 59,231 | D | |
| Common Stock | May 28, 2016 | F | 5,881 | $14.99 | D | 53,350 | D | |
| Common Stock | holding | — | — | — | 5,660 | I | By IRA | |
| Common Stock | holding | — | — | — | 3,834 | 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 | — | May 28, 2016 | M | 12,729 | D | May 28, 2016 | May 28, 2016 | Common Stock | 12,729 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive 1 share of Independent Bank Corporation common stock. On May 28, 2016, the reporting person's restricted stock units vested and were settled for an equal number of shares of Independent Bank Corporation Common Stock.
- F2Includes 549 restricted stock units acquired through Dividend Reinvestment Program (DRIP).