SEC Form 4 · accession 0000039311-18-000016
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
Jan 23, 2018
Accepted (ET)
Jan 25, 2018 · 11:47 am 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 23, 2018 | A | 4,936 | $0.00 | A | 109,098 | D | |
| Common Stock | holding | — | — | — | 4,689 | 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 23, 2018 | A | 4,936 | A | — | Jan 23, 2021 | Common Stock | — | 4,936 | 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.