Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAVES PETER R
  2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [IBCP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr Vice President
(Last)
(First)
(Middle)
230 WEST MAIN STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2010
(Street)

IONIA, MI 48846
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) (1) $ 14.11 03/30/2010   H     4,118 01/21/2003 01/21/2012 Common Stock 4,118 $ 14.11 0 D  
Incentive Stock Option (right to buy) (1) $ 17.43 03/30/2010   H     1,942 04/17/2004 04/17/2013 Common Stock 1,942 $ 17.43 0 D  
Incentive Stock Option (right to buy) (1) $ 17.52 03/30/2010   H     3,775 01/18/2004 01/18/2013 Common Stock 3,775 $ 17.52 0 D  
Incentive Stock Option (right to buy) (1) $ 25.02 03/30/2010   H     633 04/26/2006 04/26/2015 Common Stock 633 $ 25.02 0 D  
Incentive Stock Option (right to buy) (1) $ 27.31 03/30/2010   H     3,081 01/28/2006 01/28/2015 Common Stock 3,081 $ 27.31 0 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   190   03/30/2011 04/17/2011 Common Stock 190 $ 0.7 190 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   798   03/30/2011 01/21/2012 Common Stock 798 $ 0.7 798 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   530   03/30/2011 04/16/2012 Common Stock 530 $ 0.7 530 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   363   03/30/2011 04/16/2012 Common Stock 363 $ 0.7 893 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   736   03/30/2011 01/18/2013 Common Stock 736 $ 0.7 736 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   388   03/30/2011 04/17/2013 Common Stock 388 $ 0.7 388 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   218   03/30/2011 04/17/2013 Common Stock 218 $ 0.7 606 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   504   03/30/2011 01/24/2014 Common Stock 504 $ 0.7 504 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   443   03/30/2011 04/23/2014 Common Stock 443 $ 0.7 443 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   458   03/30/2011 01/28/2015 Common Stock 458 $ 0.7 458 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   101   03/30/2011 04/26/2015 Common Stock 101 $ 0.7 101 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   340   03/30/2011 04/26/2015 Common Stock 340 $ 0.7 441 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   407   03/30/2011 11/15/2015 Common Stock 407 $ 0.7 407 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   729   03/30/2011 12/15/2015 Common Stock 729 $ 0.7 729 D  
Non-Qualified Stock Option (right to buy) (2) $ 0.7 03/30/2010   A   1,310   03/30/2011 04/24/2017 Common Stock 1,310 $ 0.7 1,310 D  
Non-Qualified Stock Option (right to buy) (1) $ 16.69 03/30/2010   H     5,404 04/24/2008 04/24/2017 Common Stock 5,404 $ 16.69 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 17.43 03/30/2010   H     1,090 04/17/2004 04/17/2013 Common Stock 1,090 $ 17.43 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 17.91 03/30/2010   H     3,042 04/16/2003 04/16/2012 Common Stock 3,042 $ 17.91 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 19.04 03/30/2010   H     3,387 04/17/2002 04/17/2011 Common Stock 3,387 $ 19.04 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 19.04 03/30/2010   H     2,200 04/16/2003 04/16/2012 Common Stock 2,200 $ 19.04 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 23.69 03/30/2010   H     2,756 04/23/2005 04/23/2014 Common Stock 2,756 $ 23.69 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 25.02 03/30/2010   H     2,123 04/26/2006 04/26/2015 Common Stock 2,123 $ 25.02 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 25.81 03/30/2010   H     3,418 01/24/2005 01/24/2014 Common Stock 3,418 $ 25.81 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 26.76 03/30/2010   H     4,697 12/15/2005 12/15/2015 Common Stock 4,697 $ 26.76 0 D  
Non-Qualified Stock Option (right to buy) (1) $ 26.97 03/30/2010   H     2,625 11/15/2005 11/15/2015 Common Stock 2,625 $ 26.97 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAVES PETER R
230 WEST MAIN STREET
IONIA, MI 48846
      Sr Vice President  

Signatures

 By: s/Michael J. Steele, Attorney-in-Fact For: Peter R. Graves   04/01/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Cancellation of option pursuant to the terms set forth in the Independent Bank Stock Option Offer to Exchange.
(2) Grant of option pursuant to the terms set forth in the Independent Bank Stock Option Offer to Exchange.

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