SEC Form 4 · accession 0001127602-16-057926
LAKELAND FINANCIAL CORP · LKFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M Scott Welch
Director
Period of report
Jul 8, 2016
Accepted (ET)
Jul 12, 2016 · 4:58 pm EDT
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 | Jul 12, 2016 | A | 625 | $0.00 | A | 69,129 | D | |
| Common Stock | holding | — | — | — | 16,000 | I | By LLP | |
| Common Stock | holding | — | — | — | 1,930 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2,F3 | — | Jul 8, 2016 | A | 471 | A | — | — | Common Stock | 471 | 27,604 | D |
Explanation of responses
- F1Each phantom stock unit exersises into 1 share of Common Stock.
- F2Phantom stock is exercisable after the directors' retirement as a Board member.
- F3Phantom shares expire after the directors' retirement as a Board member.