INDEPENDENT BANK CORP /MI/ — Director's Dealing 2021

Apr 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INDEPENDENT BANK CORP /MI/ (IBCP)
CIK: 0000039311
Period of Report: 2021-02-15

Reporting Person: Kruse Ronia F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-15	Phantom Stock Units	$	A	63.86	Acquired		Common Stock (63.86)	Direct
2021-04-01	Phantom Stock Units	$	A	705.02	Acquired		Common Stock (705.02)	Direct

Footnotes

F1: 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.

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. 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.