Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

A summary of option activity in the plans is as follows (dollars in thousands, except per option data):

Options	Number Outstanding			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Outstanding at January 1, 2016		102,299		$	13.04		---		---
Forfeited		(8,000	)		8.57		---		---
Expired		(41,299	)		19.64		---		---
Outstanding at December 31, 2016		53,000		$	8.57		1.05	$	97,520

Exercisable at December 31, 2016		53,000		$	8.57		1.05	$	97,520

Information related to stock options during each year follows (dollars in thousands):

	2016		2015		2014
Intrinsic value of options exercised	$	---	$	---	$	---
Cash received from option exercises		---		---		---
Tax benefit realized from option exercises		---		---		---

A summary of changes in the Company’s nonvested restricted stock awards for the year follows:

Nonvested Stock Awards	Shares			Weighted- Average Grant-Date Fair Value		Aggregate Intrinsic Value
Outstanding at January 1, 2016		197,846		$	5.34	$	1,196,968
Granted		46,025			9.67		479,120
Vested		(111,323	)		5.28		1,158,872
Forfeited		---			---		---
Outstanding at December 31, 2016		132,548		$	6.88	$	1,379,825