Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Steinhardt David Russ
 2. Date of Event Requiring Statement (Month/Day/Year)
08/10/2012		 3. Issuer Name and Ticker or Trading Symbol
MACKINAC FINANCIAL CORP /MI/ [MFNC]
(Last)
(First)
(Middle)
650 MADISON AVENUE, 17TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 922,788 (1)
I
By Steinhardt Capital Investors, LLLP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Steinhardt David Russ
650 MADISON AVENUE
17TH FLOOR
NEW YORK, NY 10022		   X   X    
Steinhardt Capital Investors, LLLP
650 MADISON AVENUE
17TH FLOOR
NEW YORK, NY 10022		     X    
Steinhardt Capital Management, LLC
650 MADISON AVENUE
17TH FLOOR
NEW YORK, NY 10022		     X    

Signatures

Steinhardt Capital Investors, LLLP, by Steinhardt Capital Management, LLC, its General Partner, by David R. Steinhardt, Manager 08/16/2012
**Signature of Reporting Person Date
Steinhardt Capital Management, LLC, by David R. Steinhardt, Manager 08/16/2012
**Signature of Reporting Person Date
David R. Steinhardt 08/16/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 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.
 
Remarks:
Steinhardt Capital Investors, LLLP is entitled to appoint a representative to Mackinac Financial Corporation's board of directors pursuant to its securities purchase agreement as reported by Mackinac in a Form 8-K filed with the SEC on March 28, 2012.  Following acquisition of the reported securities by Steinhardt Capital Investors, LLLP, David R. Steinhardt was appointed to the board of Mackinac pursuant to these contractual rights.

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