Filing Details

Accession Number:
0000899140-16-001537
Form Type:
13D Filing
Publication Date:
2016-07-29 17:09:51
Filed By:
Basswood Capital
Company:
Seacoast Banking Corp Of Florida (NASDAQ:SBCF)
Filing Date:
2016-07-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Basswood Capital Management 0 2,385,972 0 2,385,972 2,385,972 6.29%
Basswood Partners 0 374,834 0 374,834 374,834 0.99%
Basswood Enhanced Long Short GP 0 1,132,342 0 1,132,342 1,132,342 2.99%
Basswood Financial Fund 0 116,851 0 116,851 116,851 0.31%
Basswood Financial Fund, Inc 0 37,142 0 37,142 37,142 0.10%
Basswood Financial Long Only Fund 0 33,515 0 33,515 33,515 0.09%
Basswood Enhanced Long Short Fund 0 1,132,342 0 1,132,342 1,132,342 2.99%
Basswood Opportunity Partners 0 224,468 0 224,468 224,468 0.59%
Basswood Opportunity Fund, Inc 0 162,564 0 162,564 162,564 0.43%
Boulevard Direct Master, Ltd 0 344,240 0 344,240 344,240 0.91%
BCM Select Equity I Master, Ltd 0 0 0 0 0 0.00%
Matthew Lindenbaum 0 2,385,972 0 2,385,972 2,385,972 6.29%
Bennett Lindenbaum 0 2,385,972 0 2,385,972 2,385,972 6.29%
Filing
 
 
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 2)

Seacoast Banking Corporation of Florida

(Name of Issuer)


Common Stock, Par Value $0.10

(Title of Class of Securities)

811707801
(CUSIP Number)

Matthew Lindenbaum
Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th Floor
New York, NY 10022
(212) 521-9500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

(with copies to)
Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000

July 28, 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
 
 
CUSIP No.  811707801
 
 
 
Page 2 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Capital Management, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,385,972 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,385,972 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,385,972 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA


 
 
 

 


 
CUSIP No.  811707801
 
 
 
Page 3 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Partners, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
374,834 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
374,834 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
374,834 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.99%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 
 

 

 
CUSIP No.  811707801
 
 
 
Page 4 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short GP, LLC
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
1,132,342 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
1,132,342 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,132,342 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.99%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 5 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
116,851 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
116,851 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,851 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.31%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 6 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
37,142 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
37,142 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,142 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.10%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
 
 

 

 
CUSIP No.  811707801
 
 
 
Page 7 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Long Only Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
33,515 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
33,515 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,515 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.09%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 8 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
1,132,342 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
1,132,342 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,132,342 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.99%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 9 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Partners, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
224,468 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
224,468 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
224,468 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.59%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 10 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
162,564 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
162,564 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
162,564 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.43%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 11 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Boulevard Direct Master, Ltd.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
344,240 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
344,240 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
344,240 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.91%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 12 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
BCM Select Equity I Master, Ltd.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
0 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
0 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 13 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Matthew Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,385,972 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,385,972 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,385,972 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) 
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 
 
 
 
 
 

 
 
CUSIP No.  811707801
 
 
 
Page 14 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Bennett Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,385,972 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,385,972 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,385,972 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                             
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 
 
 
 
 
 

 
 
This Amendment No. 2 to Schedule 13D (this “Amendment No. 2”) is being filed with respect to the common stock, par value $0.10 per share (the “Common Stock”), of Seacoast Banking Corporation of Florida, a Florida corporation (the “Issuer”), to amend the Schedule 13D filed on March 21, 2016 (the “Original 13D”), as amended by such Amendment No. 1 to Schedule 13D filed on March 25, 2016 (the Original 13D, as amended by such Amendment No. 1 and this Amendment No. 2, the “Schedule 13D”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.

Item 4.          Purpose of Transaction.

On July 28, 2016, the Issuer, Basswood Capital Management, L.L.C., and Matthew Lindenbaum entered into Amendment No. 1 (the “Amendment”) to the Observer Rights Agreement, dated as of March 23, 2016, among the Issuer, Basswood Capital Management, L.L.C., and Mathew Lindenbaum (the “Observer Rights Agreement”). The Amendment postpones to November 30, 2016 the date following which either Issuer or Matthew Lindenbaum are able to terminate the Observer Rights Agreement.  The terms of the Amendment, a copy of which is filed herewith as Exhibit 99.1, are incorporated herein by reference.
Item 5.          Interest in Securities of the Issuer
Item 5(c) is hereby supplemented by adding the following
(c) On June 28, 2016, Basswood Financial Fund, Inc. purchased 4,098 shares of Common Stock from BCM Select Equity I Master, Ltd. in a private transaction at the June 28, 2016 NASDAQ closing price of $15.56 per share.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Item 6 of the Schedule 13D is amended to reflect the following:

The information concerning the Amendment contained in Item 4 hereof is incorporated herein by reference.

Item 7.          Material to be filed as Exhibits.

1.
 
Exhibit 99.1 – Joint Filing Agreement, dated as of March 21, 2016, incorporated by reference to Exhibit 99.1 to Schedule 13D filed March 21, 2016.
 
2.
 
Exhibit 99.2 – Amendment No. 1 to Observer Rights Agreement, dated as of July 28, 2016
 
 
 
 
 
SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

 

Dated: July 29, 2016
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BASSWOOD PARTNERS, L.L.C.
   
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BASSWOOD ENHANCED LONG SHORT GP, LLC
   
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
Dated: July 29, 2016
BASSWOOD ENHANCED LONG SHORT FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BASSWOOD FINANCIAL FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
 
 
 
 
 
 
 
 
 

 

Dated: July 29, 2016
BASSWOOD FINANCIAL LONG ONLY FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BASSWOOD FINANCIAL FUND, INC.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
Dated: July 29, 2016
BASSWOOD OPPORTUNITY PARTNERS, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BASSWOOD OPPORTUNITY FUND INC.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: July 29, 2016
BOULEVARD DIRECT MASTER, LTD.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
   
 
Dated: July 29, 2016
BCM SELECT EQUITY I MASTER, LTD.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
Dated: July 29, 2016
/s/ Matthew Lindenbaum                                          
 
Matthew  Lindenbaum
   
   
Dated: July 29, 2016
/s/ Bennett Lindenbaum                                            
 
Bennett Lindenbaum