INDEPENDENT BK CORP MICH

Ticker: IBCP CUSIP: 453838609 Class: Common Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 40,778 Value ($000) $529 Avg Close $8.84 Range $8.03 - $9.71

Q4 2013

Shares 48,086 Value ($000) $577 Avg Close $7.31 Range $5.90 - $8.49

Q3 2013

Shares 39,981 Value ($000) $400 Avg Close $5.76 Range $3.76 - $6.97

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	40,778	$529	$8.84	$8.03 - $9.71
Q4 2013	48,086	$577	$7.31	$5.90 - $8.49
Q3 2013	39,981	$400	$5.76	$3.76 - $6.97