SEC Form 5 · accession 0001209191-15-011128
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David D Houdeshell
Officer — EVP & Chief Credit Officer
Period of report
Dec 31, 2014
Accepted (ET)
Feb 10, 2015 · 9:38 am 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 | Dec 9, 2014 | A | 20 | $13.22 | A | 1,520 | D | |
| Common StockF1 | holding | — | — | — | 5,564 | 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 BuyF2,F3 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 25,000 | 25,000 | D |
| Common Stock Right to BuyF2,F4 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 4,200 | 4,200 | D |
Explanation of responses
- F1Represents unvested shares in performance 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 the fifth anniversary of the Grant Date, provided Mr. Houdeshell is employed by the Company or a subsidiary on such date.
- F2Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
- F3Vests 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 continued employment.
- F4Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.