SEC Form 4 · accession 0001209191-17-000793
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
Dec 30, 2016
Accepted (ET)
Jan 4, 2017 · 3:55 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 | Dec 30, 2016 | F | 2,235 | $22.06 | D | 16,338 | D | |
| Common StockF2 | Aug 31, 2016 | A | 80 | $15.63 | A | 1,171 | D | |
| Common StockF2 | Sep 30, 2016 | A | 82 | $15.29 | A | 1,253 | D | |
| Common StockF2 | Oct 31, 2016 | A | 76 | $16.54 | A | 1,329 | D | |
| Common StockF2 | Nov 30, 2016 | A | 128 | $19.53 | A | 1,457 | D | |
| Common Stock | holding | — | — | — | 7,491 | D | ||
| Common StockF3 | holding | — | — | — | 806 | D | ||
| Common StockF4 | holding | — | — | — | 1,571 | 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
- F1Represents shares subject to performance-based restricted stock units ("PSUs") granted on June 28, 2013, that were subject to performance requirements which were attained over a period ending Dec. 31, 2015. One-third of the earned shares vested on Dec. 31, 2016. Of the remaining shares, half vest on each of Dec. 31, 2017 and 2018, provided the recipient remains in continuous service with the Company on each such vesting date.
- F10Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
- F11Date fully vested
- F2Shares in Seacoast's Employee Stock Purchase Plan
- F3Share equivalents held in Company's Retirement Savings Plan as of August 31, 2016
- F4Held jointly with spouse
- F5Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
- F6Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 12/1/2016. Option vests 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.
- F7Originally had two tiered vesting. Performance vesting criteria has been met and time-based vesting began on 7/1/2015. Option vests in equal installments over the next 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.