SEC Form 4 · accession 0001140361-17-008482
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
John W Rose
Director · 10% Owner
Robert Goldstein
10% Owner
Eugene Ludwig
Director · 10% Owner
CapGen Capital Group III LP
Director · 10% Owner
CapGen Capital Group III LLC
Director · 10% Owner
John P Sullivan
Director · 10% Owner
Period of report
Feb 21, 2017
Accepted (ET)
Feb 22, 2017 · 1:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000730708
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.10 per shareF1,F2,F4,F5,F3 | Feb 21, 2017 | S | 6,210,000 | $22.25 | D | 1,253,141 | D | |
| Common Stock, par value $0.10 per shareF6 | holding | — | — | — | 52,985 | D | ||
| Common Stock, par value $0.10 per shareF7 | holding | — | — | — | 12,437 | I | See footnote. | |
| Common Stock, par value $0.10 per shareF8 | holding | — | — | — | 9,950 | D | ||
| Common Stock, par value $0.10 per shareF9 | holding | — | — | — | 49,373 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1CapGen Capital Group III LP ("CapGen III") sold 6,210,000 shares of common stock, par value $0.10 per share ("Common Stock"), of Seacoast Banking Corporation of Florida (the "Issuer") in an underwritten public offering by Issuer and CapGen III, which closed on February 21, 2017.
- F2The sale price reflects the public offering price. The price received by the reporting person will be $21.02625 per share, which is net of an underwriting discount of $1.22375 per share.
- F3CapGen Capital Group III LLC ("CapGen LLC"), as the sole general partner of CapGen III, may be deemed to be an indirect beneficial owner of the shares in this row under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, CapGen LLC disclaims that it is the beneficial owner of such shares, except to the extent of its pecuniary interest.
- F4Each of Mr. Ludwig, as the managing member of CapGen LLC, Mr. Sullivan, as a member of the investment committee of CapGen LLC, and Mr. Goldstein and Mr. Rose, as principal members and members of the investment committee of CapGen LLC, may be deemed to be an indirect beneficial owner of the shares in this row pursuant to Rule 16a-1(a)(2) promulgated under the Exchange Act.
- F5Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, each of Mr. Ludwig, Mr. Sullivan, Mr. Rose and Mr. Goldstein disclaims that he is the beneficial owner of the shares in this row, except to the extent of his pecuniary interest.
- F6Mr. Goldstein directly owns the shares reported in this row.
- F7The shares reported in this row are held in a retirement account over which Mr. Goldstein holds discretionary authority.
- F8Mr. Sullivan directly owns the shares reported in this row.
- F9Mr. Rose directly owns the shares reported in this row.