SEC Form 4 · accession 0001209191-18-002266
SEACOAST BANKING CORP OF FLORIDA · SBCF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis S Hudson III
Officer — Chairman & CEO · Director
Period of report
Dec 31, 2017
Accepted (ET)
Jan 4, 2018 · 8:36 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 31, 2017 | F | 8,975 | $25.21 | D | 21,393 | D | |
| Common Stock | holding | — | — | — | 31,665 | D | ||
| Common StockF2 | holding | — | — | — | 21,915 | D | ||
| Common StockF3 | holding | — | — | — | 30,498 | D | ||
| Common StockF4 | holding | — | — | — | 49,386 | D | ||
| Common Stock | holding | — | — | — | 224,356 | I | Held by Sherwood Partners, Ltd, family partnership | |
| Common Stock | holding | — | — | — | 280 | I | Held by Spouse as Custodian for son | |
| Common Stock | holding | — | — | — | 20 | I | Held by son |
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 | $23.91 | holding | — | — | — | — | Apr 3, 2027 | Common Stock | 78,021 | 78,021 | D |
| Common Stock Right to BuyF5,F7 | $14.82 | holding | — | — | — | — | Feb 28, 2024 | Common Stock | 51,956 | 51,956 | D |
| Common Stock Right to BuyF5,F8 | $12.63 | holding | — | — | — | — | Jan 28, 2023 | Common Stock | 17,975 | 17,975 | D |
| Common Stock Right to BuyF5,F9 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 50,000 | 50,000 | D |
| Common Stock Right to BuyF5,F10 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 19,400 | 19,400 | 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 December 31, 2015. One third of the earned shares vested each on Dec. 31, 2016, and Dec. 31, 2017. The remaining shares will vest on Dec. 31, 2018, provided the recipient remains in continuous service with the Company on each such vesting date.
- 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 continue employment.
- F2Shares held in Trust
- F3Represent shares held in the Company's Retirement Savings Plan as of September 30, 2017
- F4Shares held jointly with spouse
- F5Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
- F6Vests 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 continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
- F7Originally had two tiered vesting. The performance criteria was met and the 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.
- F8Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. 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.
- 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 continued employment.