Accession Number: | 0000039311-20-000004 |
Date: | 2019-11-15 |
Issuer: | INDEPENDENT BANK CORP /MI/ (IBCP) |
Original Submission Date: |
BUDDEN JOAN A
4200 E BELTLINE
GRAND RAPIDS, MI 49525
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-11-15 | 0 | $0.00 | 5,851 | direct | ||||
COMMON STOCK | 2019-11-15 | 0 | $0.00 | 810 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PHANTOM STOCK UNITS | 0.0 | 2019-11-15 | deemed execution date | A | 101 (a) | common stock 101 | $0.00 | 12,836 | direct | |||
PHANTOM STOCK UNITS | 0.0 | 2020-01-01 | deemed execution date | A | 809 (a) | common stock 809 | $0.00 | 13,645 | direct |
ID | footnote |
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f1 | includes 12.39 shares acquired through dividend reinvestment program (drip) during the fourth quarter. |
f2 | the phantom stock units were accrued for under the independent bank corporation deferred compensation and stock purchase plan for non employee directors and are to be settled in the issuer's common stock upon the reporting person's retirement as a director. |
f3 | the phantom stock units were accrued for under the independent bank corporation deferred compensation and stock purchase plan for non employee directors and are to be settled in the issuer's common stock upon the reporting person's retirement as a director. the number of units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the issuer's common stock on the effective date of the deferral. |