SEC Form 4 · accession 0000039311-19-000014
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 21, 2019
Accepted (ET)
Jan 24, 2019 · 5:11 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 StockF1 | Jan 21, 2019 | M | 296 | — | A | 5,980 | D | |
| Common Stock | Jan 21, 2019 | F | 130 | $22.80 | D | 5,850 | D | |
| Common Stock | Jan 21, 2019 | F | 370 | $22.80 | D | 5,480 | D | |
| Common Stock | Jan 22, 2019 | A | 565 | $0.00 | A | 6,045 | D | |
| Common Stock | holding | — | — | — | 3,081 | 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 21, 2019 | M | 280 | D | — | Jan 21, 2019 | Common Stock | — | 0 | D |
| Performance RightF2 | — | Jan 22, 2019 | A | 188 | A | — | Jan 22, 2022 | Common Stock | — | 188 | 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.
- F2Each 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.