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

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013		472,719		$	16.44		---
Forfeited		---			---		---
Expired		(117,391	)		12.76		---
Outstanding at December 31, 2013		355,328		$	17.65		2.09		$	---

Exerciseable at December 31, 2013		355,328		$	17.65		2.09		$	---

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

	2013		2012		2011
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, 2013	121,000		$	2.90	$	605,000
Granted	125,500			5.17		627,500
Vested	(40,329	)		2.90		201,645
Forfeited	---			---
Outstanding at December 31, 2013	206,171		$	4.28	$	1,030,855