Thomas R. Sullivan, Director at MERCANTILE BANK CORP (MBWM), sold 13,211 shares at $33.24 ($446K) on 2017-06-13, disclosed to the SEC on 2017-06-14.
Seasonal sale ($446k) by Director — this insider has traded MBWM in June in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $33.80 | 500 | $17K | 3.8% |
| 2 | $34.29 | 3,301 | $113K | 25.4% |
| 3 | $34.29 | 3,301 | $113K | 25.4% |
| 4 | $33.24 | 2,797 | $93K | 20.8% |
| 5 | $33.24 | 2,797 | $93K | 20.8% |
| 6 | $33.00 | 515 |
| $17K |
| 3.8% |
| Total | $33.78 avg | 13,211 | $446K | 100% |
| Filing → |
| MBWM | SELL | 2017-11-22 | $183K | — | Filing → |
| MBWM | SELL | 2017-10-30 | $216K | — | Filing → |
| MBWM | SELL | 2017-10-24 | $796K | — | Filing → |