SEC Form 4 · accession 0000039311-16-000111
INDEPENDENT BANK CORP /MI/ · IBCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joan A Budden
Director
Period of report
Aug 15, 2016
Accepted (ET)
Oct 3, 2016 · 12:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039311
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Aug 15, 2016 | A | 13 | A | — | — | Common Stock | 13 | 2,634 | D |
| Phantom Stock UnitsF1 | — | Oct 1, 2016 | A | 762 | A | — | — | Common Stock | 762 | 3,396 | D |
Explanation of responses
- F1The Phantom Stock Units were accrued under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non-Employee Directors and are to be settled in Independent Bank Corporation Common Stock upon the reporting person's retirement.