Form Type: 4

SEC EDGAR Link
Accession Number:0000039311-20-000004
Date:2019-11-15
Issuer: INDEPENDENT BANK CORP /MI/ (IBCP)
Original Submission Date:

Reporting Person:

BUDDEN JOAN A
4200 E BELTLINE
GRAND RAPIDS, MI 49525

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-11-15 0 $0.00 5,851 direct
COMMON STOCK 2019-11-15 0 $0.00 810 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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