SEC Form 4 · accession 0001209191-18-023893

SEACOAST BANKING CORP OF FLORIDA · SBCF

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

Reporting owner

David D Houdeshell

Officer — EVP & Chief Risk Officer

Period of report

Apr 2, 2018

Accepted (ET)

Apr 4, 2018 · 6:29 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^F1	Apr 2, 2018	A	6,471	$25.96	A	6,471	D
Common Stock^F2	Apr 1, 2018	F	873	$26.47	D	3,902	D
Common Stock^F3	holding	—	—		—	8,916	D
Common Stock	holding	—	—		—	17,790	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Commonn Stock Right to Buy^F4,F5	$31.15	Apr 2, 2018	A	12,635	A	—	Apr 2, 2028	Common Stock	12,635	12,635	D
Commonn Stock Right to Buy^F4,F5	$28.69	holding	—	—	—	—	Apr 3, 2027	Common Stock	16,650	16,650	D
Commonn Stock Right to Buy^F4,F6	$14.82	holding	—	—	—	—	Feb 28, 2024	Common Stock	13,225	13,225	D
Common Stock Right to Buy^F4,F7	$12.63	holding	—	—	—	—	Jan 28, 2023	Common Stock	6,475	6,475	D
Common Stock Right to Buy^F4,F8	$10.54	holding	—	—	—	Apr 29, 2015	Apr 29, 2024	Common Stock	25,000	25,000	D
Common Stock Right to Buy^F4,F9	$11.00	holding	—	—	—	Jun 28, 2014	Jun 27, 2023	Common Stock	4,200	4,200	D

Explanation of responses

F1Represents shares of restricted stock units ("RSUs") granted on April 2, 2018. One-third of the shares vest on each of April 2, 2019, 2020 and 2021, provided the recipient remains in continuous service with the Company on each such vesting date and the Company's banking subsidiary meets certain capital requirements.
F2Represents shares of restricted stock units ("RSUs") granted on April 3, 2017. One-third of the shares vest on each of April 3, 2018, 2019 and 2020, provided the recipient remains in continuous service with the Company on each such vesting date and the Company's banking subsidiary meets certain capital requirements.
F3Represents 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 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.
F4Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F5Vests 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 and the Company's banking subsidiary meets certain capital requirements.
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 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.
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 and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.