SEC Form 4 · accession 0001209191-16-130439
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
Charles M Shaffer
Other
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 3:34 pm EDT
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 StockF2 | Jun 30, 2016 | L | 81 | $15.43 | A | 1,009 | D | |
| Common Stock | holding | — | — | — | 1,591 | D | ||
| Common StockF3 | holding | — | — | — | 24,504 | D | ||
| Common StockF4 | holding | — | — | — | 705 | D | ||
| Common StockF4 | holding | — | — | — | 2,120 | 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 BuyF5,F6 | $14.82 | holding | — | — | — | — | Feb 28, 2024 | Common Stock | 21,255 | 21,255 | D |
| Common Stock Right to BuyF5,F7 | $12.63 | holding | — | — | — | — | Jan 28, 2023 | Common Stock | 8,100 | 8,100 | D |
| Common Stock Right to BuyF5,F8 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 25,000 | 25,000 | D |
| Common Stock Right to BuyF5,F9 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 28, 2023 | Common Stock | 2,400 | 2,400 | D |
| Stock-Settled Stock Appreciation RightF10,F11 | $111.10 | holding | — | — | — | Apr 2, 2012 | Apr 2, 2017 | Common Stock | 993 | 993 | D |
Explanation of responses
- F1Automatic monthly purchase into the Company's Employee Stock Purchase Plan
- F10Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
- F11Date fully vested
- F2Held in Seacoast's Employee Stock Purchase Plan
- F3Represents shares subject to performance-based restricted stock units ("PSUs") granted on June 28, 2013 and August 1, 2014, 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.
- F4Share equivalents held in Company's Retirement Savings Plan as of December 31, 2015
- F5Granted pursuant to Seacoast Banking Corporation of Florida'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 120% or more of the exercise price; 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.
- F7Performance vesting criteria has been met. Option vests in equal installments beginning on 7/1/2015 over the following 48 months, provided the Optionee remains in continuous service on each applicable vesting date.
- F8Vests 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.
- F9Vests 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.