X0202 4 2006-10-25 0 0000842517 IBT BANCORP INC /MI/ IBTB 0001354537 Caul Sandra L PO BOX 100 MT. PLEASANT MI 48858 1 0 0 0 Phantom Stock 2006-10-25 4 A 0 204.762 39.99 A Common Stock 204.762 633.334 D (1) Each share of phantom stock represents the right to receive one share of IBT Bancorp stock. (2) Shares of phantom stock are payable in cash following termination of the reporting person's employment wsith IBT Bancorp. The reporting person may transfer his phantom stock account into an alternative investment account at any time. Sandra L. Caul 2006-10-25