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

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015		260,261		$	18.57		---		---
Forfeited		---			---		---		---
Expired		(157,962	)		22.16		---		---
Outstanding at December 31, 2015		102,299		$	13.04		1.60	$	---

Exerciseable at December 31, 2015		102,299		$	13.04		1.60	$	---

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

	2015		2014		2013
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, 2015		217,679		$	4.77	$	1,184,174
Granted		88,000			5.55		532,400
Vested		(107,833	)		4.37		652,390
Forfeited		---			---		---
Outstanding at December 31, 2015		197,846		$	5.34	$	1,196,968