MERCANTILE BANK CORP — Director's Dealing 2020

Dec 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCANTILE BANK CORP (MBWM)
CIK: 0001042729
Period of Report: 2020-12-17

Reporting Person: Worthington Robert T. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	A	3379	—	Acquired	12225	Direct
2020-12-17	Common Stock	D	3446	—	Disposed	8779	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17906	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$36.22	2023-11-16	Common Stock (500)	500	Direct

Footnotes

F1: This award of shares is being made pursuant to the Issuer's performance-based restricted stock award agreement, such that a portion or all of this award of restricted stock may be forfeited in the future if certain performance metrics are not met.

F2: Forfeiture of certain shares initially granted 11/29/2018 and 11/21/2019 that were subject to unsatisfied performance vesting criteria.

F3: Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.