SEC Form 4 · accession 0000039311-17-000011
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 24, 2017
Accepted (ET)
Jan 26, 2017 · 12:11 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 24, 2017 | A | 577 | $0.00 | A | 5,125 | D | |
| Common Stock | holding | — | — | — | 2,643 | 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 24, 2017 | A | 192 | A | — | Jan 24, 2020 | Common Stock | — | 192 | 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.