X0304 4 2011-12-21 0 0001094810 MUTUALFIRST FINANCIAL INC MFSF 0001247021 KYLE DONALD R 4100 EDISON LAKES PARKWAY SUITE 300 MISHAWAKA IN 46546 0 0 0 1 Exec. Officer of Subsidiary Common Stock 23265 D Common Stock 4388 I By 401(k) Plan Common Stock 1484 I By ESOP Stock Option (Right to Purchase) 6.93 2011-12-21 4 A 0 5000 0 A 2021-12-21 Common Stock 5000 5000 D Stock Option (Right to Purchase) 11.72 2013-11-18 Common Stock 3885 3885 D The reporting person's last ownership report incorrectly included 137 ESOP shares in this category. This reflects the 137 ESOP shares previously reported as 401(k) shares and reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report. Transaction represents an award of shares under the Issuer's 2008 Stock Option and Incentive Plan. One-half of the options became exercisable on 12/21/2011. The remaining stock options vest and become exercisable on 12/21/2012. These stock options were immediately exercisable when received on 7/18/2008 in exchange for options to purchase shares of MFB Corp. common stock under the Agreement and Plan of Merger between the Issuer and MFB Corp. /s/ David W. Heeter, POA 2011-12-23