SEC Form 4/A · accession 0001209191-15-011231
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Dennis S Hudson III
Officer — Chairman & CEO · Director
Period of report
Jan 29, 2015
Accepted (ET)
Feb 10, 2015 · 2:20 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 | holding | — | — | — | 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 | $12.63 | Jan 29, 2015 | A | 17,975 | A | — | Jan 29, 2023 | Common Stock | 17,975 | 17,975 | D |
| Common Stock Right to BuyF5,F7 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 50,000 | 50,000 | D |
| Common Stock Right to BuyF5,F8 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 19,400 | 19,400 | D |
| Stock-Settled Stock Appreciation RightsF9,F10 | $111.10 | holding | — | — | — | Apr 2, 2012 | Apr 2, 2017 | Common Stock | 14,627 | 14,627 | D |
| Stock-Settled Stock Appreciation RightsF9,F10 | $133.60 | holding | — | — | — | May 16, 2011 | May 15, 2016 | Common Stock | 5,520 | 5,520 | D |
Explanation of responses
- F1Held in Trust
- F10Date fully vested
- F2Represents unvested shares of restricted stock granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011. The performance criteria for this award has been met and this 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
- F6Two 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.
- F7Vests 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.
- F8Vests 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.
- F9Granted pursuant to the Company's 2000 Long-Term Incentive Plan