MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q2 2014

Shares 168 Value ($000) $4 Avg Close $13.00 Range $10.96 - $15.18

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	168	$4	$13.00	$10.96 - $15.18