Home > Insider Trading > Filing (0001140361-10-002322)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1013796	Tib Financial Corp.	TIBB	State Commercial Banks (6022)	650655973

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1227148	F Marvin Schindler	599 9Th Street North,Suite 101 Naples FL 34102		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.10 Par Value	Acquisiton	2009-12-31	1,732	$0.00	58,893	No	5	J	Direct
Common Stock, $.10 Par Value	Disposition	2009-07-02	92	$1.44	58,893	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	J	Direct
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$14.90	2009-05-08	2016-05-08	1,275	1,275	Direct
Common Stock	Stock Options	$14.90	2010-05-08	2016-05-08	424	424	Direct
Common Stock	Stock Options	$14.90	2011-05-08	2016-05-08	424	424	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-05-08	1,275	1,275	Direct
2016-05-08	424	424	Direct
2016-05-08	424	424	Direct

Footnotes

TIB Financial Corp. declared a 1% stock dividend payable to all holders of record of common stock on 3/31/09, 6/30/09 and 9/30/09, respectively, which was distributed on 4/10/09, 7/10/09 and 10/10/09, respectively. The reporting person acquired 572 shares, 577 shares and 583 shares, respectively, on each distribution date. 51,818 shares are held in joint tenancy with his wife, Gail Schindler.
The sale of 92 shares of TIB stock was done by the reporting person's new broker's back office on 9/2/2009 because of a $94.22 debit charge was transferred over from the prior broker when the account transitioned to the new broker on 7/1/2009. The reporting person does not know why the account would have been charged the $94.22 by the prior broker, but it's not unusual to have debit balances transfer over. The new broker allows 60 days for cash or dividends to transition into the account to cover any existing debits before they freeze or sell assets to cover the amount. For debits under $100 the new broker's standing policy is to sell securities (mutual fund and stocks) to cover the debit. The account is now properly coded for future trade review.
2,123 Stock Option shares granted 5/8/2006 - vesting over five years expiring 5/8/2016.