SEC Form 4 · accession 0001209191-15-008230
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Maria Frias
Officer — EVP & Chief Risk Officer
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 4:23 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 StockF1 | holding | — | — | — | 2,467 | D | ||
| Common StockF2 | holding | — | — | — | 1,140 | D | ||
| Common StockF3 | holding | — | — | — | 1,982 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Right to BuyF4,F5 | $12.63 | Jan 29, 2015 | A | 3,225 | A | — | Jan 29, 2023 | Common Stock | 3,225 | 3,225 | D |
| Common Stock Right to BuyF4,F6 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 25,000 | 25,000 | D |
| Common Stock Right to BuyF4,F7 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 2,400 | 2,400 | D |
| Stock Settled Stock Appreciation RightF8,F9 | $111.10 | holding | — | — | — | Apr 2, 2012 | Apr 2, 2017 | Common Stock | 1,201 | 1,201 | D |
| Stock Settled Stock Appreciation RightF8,F9 | $133.60 | holding | — | — | — | May 16, 2011 | May 16, 2016 | Common Stock | 580 | 580 | D |
| Common Stock Right to BuyF8,F9 | $112.00 | holding | — | — | — | Dec 21, 2009 | Dec 21, 2014 | Common Stock | 300 | 300 | D |
Explanation of responses
- F1Shares held in Employee Stock Purchase Plan as of June 30, 2014
- F2Represents share equivalents held in Company's Retirement Savings Plan as of March 31, 2014
- F3Represents unvested shares in 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 August 23, 2016, provided Ms. Frias is employed by the Company or a subsidiary on such date.
- F4Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
- F5Two 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.
- F6Vests 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 continue employment.
- F7Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (06/28/14) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.
- F8Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
- F9Date fully vested