SEC Form 4/A · accession 0001209191-16-130455
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
Charles M Shaffer
Other
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 4:12 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 StockF5 | 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 BuyF6,F7 | $14.82 | holding | — | — | — | — | Feb 28, 2024 | Common Stock | 21,255 | 21,255 | D |
| Common Stock Right to BuyF6,F8 | $12.63 | holding | — | — | — | — | Jan 28, 2023 | Common Stock | 8,100 | 8,100 | D |
| Common Stock Right to BuyF6,F9 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 25,000 | 25,000 | D |
| Common Stock Right to BuyF6,F10 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 28, 2023 | Common Stock | 2,400 | 2,400 | D |
| Common Stock Right to BuyF11,F12 | $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
- F10Vests 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.
- F11Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
- F12Date 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, 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 Dec. 31, 2015
- F5Represents unvested shares in time-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 August 23, 2016, provided Mr. Shaffer is employed by the Company or a subsidiary on such date.
- F6Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
- F7Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock 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.
- F8Performance 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.
- F9Vests 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 continue employment.