SEC Form 4 · accession 0001127602-15-004472
LAKELAND FINANCIAL CORP · LKFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael E Gavin
Officer — EVP & CCO
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 2:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000721994
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 3, 2015 | S | 267 | $39.59 | D | 2,786 | D | |
| Common Stock | Feb 3, 2015 | S | 200 | $39.60 | D | 2,586 | D | |
| Common Stock | Feb 3, 2015 | S | 200 | $39.61 | D | 2,386 | D | |
| Common Stock | Feb 3, 2015 | S | 1,273 | $39.616 | D | 1,113 | D | |
| Common Stock | Feb 3, 2015 | S | 200 | $39.62 | D | 913 | D | |
| Common Stock | Feb 3, 2015 | S | 100 | $39.64 | D | 813 | D | |
| Common Stock | Feb 3, 2015 | S | 100 | $39.65 | D | 713 | D | |
| Common Stock | Feb 3, 2015 | S | 13 | $39.68 | D | 700 | D | |
| Common Stock | Feb 3, 2015 | S | 200 | $39.83 | D | 500 | D | |
| Common Stock | Feb 3, 2015 | S | 500 | $39.88 | D | 0 | D | |
| Common Stock | holding | — | — | — | 7,857 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | Feb 1, 2016 | Feb 1, 2016 | Common Stock | 4,000 | 4,000 | D |
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | Feb 1, 2017 | Feb 1, 2017 | Common Stock | 4,000 | 4,000 | D |
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | Feb 1, 2018 | Feb 1, 2018 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1The Restricted Stock Units are subject to forfeiture based on corporate performance criteria.
- F2Each Restricted Stock Unit exercises into 1 share of Common Stock.
- F3Restricted Stock Unit awards are a conditional promise to transfer a share at a specific futurue date and do not have an expiration date.