SEC Form 4 · accession 0000039311-17-000014
INDEPENDENT BANK CORP /MI/ · IBCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Kessel
Officer — President & CEO · Director
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 4:01 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 StockF1 | Feb 7, 2017 | M | 7,589 | — | A | 112,544 | D | |
| Common Stock | Feb 7, 2017 | F | 3,438 | $21.05 | D | 109,106 | D | |
| Common Stock | Feb 7, 2017 | F | 1,211 | $21.05 | D | 107,895 | D | |
| Common Stock | holding | — | — | — | 4,350 | 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 | — | Feb 7, 2017 | M | 8,020 | D | — | Feb 7, 2017 | Common Stock | — | 0 | D |
Explanation of responses
- F1Each Performance Right (PSU) represented 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.