SEC Form 4 · accession 0001209191-16-134554

SEACOAST BANKING CORP OF FLORIDA · SBCF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Charles M Shaffer

Other

Period of report

Jul 29, 2016

Accepted (ET)

Aug 1, 2016 · 1:19 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
Common Stock^F2	Jul 29, 2016	L	82	$15.17	A	1,091	D
Common Stock	holding	—	—		—	1,591	D
Common Stock^F3	holding	—	—		—	24,504	D
Common Stock^F4	holding	—	—		—	705	D
Common Stock^F4	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 Buy^F5,F6	$14.82	holding	—	—	—	—	Feb 28, 2024	Common Stock	21,255	21,255	D
Common Stock Right to Buy^F5,F7	$12.63	holding	—	—	—	—	Jan 28, 2023	Common Stock	8,100	8,100	D
Common Stock Right to Buy^F5,F8	$10.54	holding	—	—	—	Apr 29, 2015	Apr 29, 2024	Common Stock	25,000	25,000	D
Common Stock Right to Buy^F5,F9	$11.00	holding	—	—	—	Jun 28, 2014	Jun 28, 2023	Common Stock	2,400	2,400	D
Stock-Settled Stock Appreciation Right^F10,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
F3Vest 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.