Filing Details

Accession Number:
0001209191-15-048195
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-06-01 10:28:37
Reporting Period:
2015-05-29
Filing Date:
2015-06-01
Accepted Time:
2015-06-01 10:28:37
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
730708 Seacoast Banking Corp Of Florida SBCF State Commercial Banks (6022) 592260678
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1494418 D David Houdeshell P. O. Box 9012
Stuart FL 34995
Evp & Chief Credit Officer No Yes 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 Acquisiton 2015-05-29 500 $14.85 2,020 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,564 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Common Stock Right to Buy $12.63 2023-01-29 6,475 6,475 Direct
Common Stock Common Stock Right to Buy $10.54 2015-04-29 2024-04-29 25,000 25,000 Direct
Common Stock Common Stock Right to Buy $11.00 2014-06-28 2023-06-27 4,200 4,200 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-01-29 6,475 6,475 Direct
2024-04-29 25,000 25,000 Direct
2023-06-27 4,200 4,200 Direct
Footnotes
  1. Represents unvested shares in a time-based restricted stock award granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). This award vests in its entirety on the the fifth anniversary of the Grant Date, provided Mr. Houdeshell is employed by the Company or a subsidiary on such date.
  2. Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
  3. Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock must increase to $15.156 or more; and 2) Seacoast's Tier 1 Capital must be equal to or greater than the regulatory standard. Once performance criteria is met, option shall vest in equal installments at the end of each month over the next 48 months, provided that Optionee remains in Continuous Service on each applicable vesting date.
  4. Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.
  5. Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (06/28/2014) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.