Merchants Bancorp — Director's Dealing 2019

Sep 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2019-09-11

Reporting Person: Dury Michael R. (President of Merchants Capital)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-11	Common Stock	P	10486	$16.73	Acquired	49162	Direct
2019-09-12	Common Stock	P	1514	$16.5957	Acquired	50676	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Preferred Stock	44000	Direct
8 % Non-Cumulative, Perpetual Preferred Stock	300	Direct

Footnotes

F1: The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.44 to $17.21 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2: includes 14,579 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 5,429 vesting 12/31/2019; 5,237 vesting 12/31/2020; and 3,913 vesting 12/31/2021.

F3: The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.14 to $16.79 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote