SEC Form 4 · accession 0001209191-16-104504
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
William R Hahl
Officer — Exec. VP & former CFO
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 4:33 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 | Feb 29, 2016 | A | 33,159 | $0.00 | A | 33,159 | D | |
| Common StockF2 | holding | — | — | — | 10,840 | D | ||
| Common StockF3 | holding | — | — | — | 12,318 | D | ||
| Common StockF4 | holding | — | — | — | 649 | D | ||
| Common Stock | holding | — | — | — | 20 | D | ||
| Common Stock | holding | — | — | — | 78 | I | Held as custodian for grandchildren |
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 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock-settled Stock Appreciation RightsF7,F8 | $111.10 | holding | — | — | — | Apr 2, 2012 | Apr 2, 2017 | Common Stock | 3,909 | 3,909 | D |
| Stock-settled Stock Appreciation RightsF7,F8 | $133.60 | holding | — | — | — | May 16, 2011 | May 16, 2016 | Common Stock | 1,470 | 1,470 | D |
Explanation of responses
- F1Represents shares subject to performance-based restricted stock units ("PSUs") granted on June 28, 2013, that were subject to performance requirements over a period ending December 31, 2015. On Feb. 29, 2016, the Company's Compensation Committee certified the number of shares attained based on the performance criteria. These shares now vest in one-third increments each year on Dec. 31, 2016, 2017 and 2018, provided the recipient remains in continuous service with the Company on each such vesting date.
- F2Held jointly with spouse
- F3Represents unvested shares in performance based restricted stock award granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). These awards vest in their entirety on the fifth anniversary of the Grant Date, provided Mr. Hahl is employed by the Company or a subsidiary on such date.
- F4Held in IRA
- F5Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
- F6Vests 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 continue employment.
- F7Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
- F8Date fully vested