SEC Form 4 · accession 0001127602-17-018970
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
May 22, 2017
Accepted (ET)
May 22, 2017 · 2:44 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 | May 22, 2017 | S | 482 | $42.9461 | D | 2,018 | D | |
| Common Stock | May 22, 2017 | S | 498 | $42.934 | D | 1,520 | D | |
| Common Stock | May 22, 2017 | S | 718 | $42.8901 | D | 802 | D | |
| Common Stock | May 22, 2017 | S | 100 | $43.01 | D | 702 | D | |
| Common Stock | May 22, 2017 | S | 500 | $42.9001 | D | 202 | D | |
| Common Stock | May 22, 2017 | S | 100 | $43.05 | D | 102 | D | |
| Common Stock | May 22, 2017 | S | 102 | $43.00 | D | 0 | D | |
| Common Stock | holding | — | — | — | 13,789 | 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, 2018 | Feb 1, 2018 | Common Stock | 6,000 | 6,000 | D |
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | Feb 1, 2019 | Feb 1, 2019 | Common Stock | 6,000 | 6,000 | D |
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | Feb 1, 2020 | Feb 1, 2020 | Common Stock | 5,400 | 5,400 | 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.