SEC Form 5 · accession 0001209191-15-011203
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis S Hudson III
Officer — Chairman & CEO · Director
Period of report
Dec 31, 2014
Accepted (ET)
Feb 10, 2015 · 1:54 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 | Dec 9, 2014 | A | 20 | $13.22 | A | 20 | D | |
| Common StockF1 | holding | — | — | — | 4,137 | D | ||
| Common StockF2 | holding | — | — | — | 19,868 | D | ||
| Common StockF3 | holding | — | — | — | 31,750 | D | ||
| Common StockF4 | holding | — | — | — | 49,386 | D | ||
| Common Stock | holding | — | — | — | 224,356 | I | Held by Sherwood Partners, Ltd., family partnership | |
| Common Stock | holding | — | — | — | 280 | I | Held by spouse as custodian for son |
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 BuyF5,F6 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 50,000 | 50,000 | D |
| Common Stock Right to BuyF5,F7 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 19,400 | 14,627 | D |
| Stock Settled Stock Appreciation RightF8,F9 | $111.10 | holding | — | — | — | Apr 2, 2012 | Apr 1, 2017 | Common Stock | 14,627 | 14,627 | D |
| Stock-Settled Stock Appreciation RightsF8,F9 | $133.60 | holding | — | — | — | May 16, 2011 | May 15, 2016 | Common Stock | 5,520 | 5,520 | D |
Explanation of responses
- F1Held in Trust
- F2Represents unvested shares of restricted stock granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). The performance criteria for this award has been met and the award vests in its entirety on August 23, 2016, provided Mr. Hudson is employed by the Company or a subsidiary on such date.
- F3Represents share equivalents held in the Company's Retirement Savings Plan as of December 31, 2014
- F4Held jointly with spouse
- F5Granted pursuant to Company's 2013 Incentive Plan
- F6Vests over 3 years in one-third increments on each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.
- F7Vests over 5 years at the rate of 20% beginning 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.
- F8Granted pursuant to Company's 2000 Long-Term Incentive Plan
- F9Date fully vested