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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Steinhardt David Russ		 2. Issuer Name and Ticker or Trading Symbol

MACKINAC FINANCIAL CORP /MI/ [ MFNC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

712 5TH AVE, 34TH FLOOR		 3. Date of Earliest Transaction (MM/DD/YYYY)

3/19/2020
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock 3/19/2020  P  10000 A$9.9995 (1)12000 D  
Common Stock         1044557 I By Steinhardt Capital Investors, LLLP (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) The price represents the weighted average price of the multiple transactions reported on this line. The shares were purchased at prices ranging from $9.99 to $10.00 per share. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.
(2) The reported securities are owned directly by Steinhardt Capital Investors, LLLP, and indirectly by Steinhardt Capital Management, LLC, as general partner of Steinhardt Capital Investors, LLLP, and David R. Steinhardt as a manager of Steinhardt Capital Management, LLC. Steinhardt Capital Management, LLC and David R. Steinhardt disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Steinhardt David Russ
712 5TH AVE, 34TH FLOOR
NEW YORK, NY 10019		XX

Steinhardt Capital Investors, LLLP
712 5TH AVE, 34TH FLOOR
NEW YORK, NY 10019
X

Steinhardt Capital Management, LLC
712 5TH AVE, 34TH FLOOR
NEW YORK, NY 10019
X
Signatures
/s/ David R. Steinhardt3/23/2020
**Signature of Reporting PersonDate

/s/ Steinhardt Capital Investors, LLLP, By Steinhardt Capital Management, LLC, its General Partner, By David R. Steinhardt, Manager3/23/2020
**Signature of Reporting PersonDate

/s/ Steinhardt Capital Management, LLC, By David R. Steinhardt, Manager3/23/2020
**Signature of Reporting PersonDate
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