Merle J. Prins

Merle J. Prins discloses dealings in Mercantile Bank Corp to SEC (Form 4). The record holds 9 filings, for trades running from 13 November 2006 to 24 February 2009.

Market trades split into 4 purchases (€16k) and 5 sales (€58k). The net balance comes to €42k on the selling side. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. In 2009 alone, the filings show 1 purchase and no sales.

A typical purchase (the median) is worth €3,262. Looking at 4 purchases old enough to measure, the stock rose over the following 90 days in 25% of cases; the median change was -15.5%. This is a record of the past, not a forecast.

The newest entry dates from 24 February 2009: an open-market purchase of €2,664, in Mercantile Bank Corp. Typically, a trade is published a median of 1 day after it takes place. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.