SEC Form 4 · accession 0001209191-19-012760
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
Feb 22, 2019
Accepted (ET)
Feb 22, 2019 · 6:33 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 Stock | Feb 22, 2019 | S | 8,000 | $29.31 | D | 35,839 | D | |
| Common StockF1 | holding | — | — | — | 21,915 | D | ||
| Common StockF2 | holding | — | — | — | 30,485 | D | ||
| Common StockF3 | 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 BuyF4,F5 | $31.15 | holding | — | — | — | — | Apr 2, 2028 | Common Stock | 55,279 | 55,279 | D |
| Common Stock Right to BuyF4,F5 | $28.69 | holding | — | — | — | — | Apr 3, 2027 | Common Stock | 78,021 | 78,021 | D |
| Common Stock Right to BuyF4,F6 | $14.82 | holding | — | — | — | — | Feb 28, 2024 | Common Stock | 51,956 | 51,956 | D |
| Common Stock Right to BuyF4,F7 | $12.63 | holding | — | — | — | — | Jan 28, 2023 | Common Stock | 17,975 | 17,975 | D |
| Common Stock Right to BuyF4,F8 | $10.54 | holding | — | — | — | Apr 29, 2015 | Apr 29, 2024 | Common Stock | 50,000 | 50,000 | D |
| Common Stock Right to BuyF4,F9 | $11.00 | holding | — | — | — | Jun 28, 2014 | Jun 27, 2023 | Common Stock | 19,400 | 19,400 | D |
Explanation of responses
- F1Shares held in Trust
- F2Represents shares held in the Company's Retirement Savings Plan as of December 31, 2018.
- F3Shares held jointly with spouse
- 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 date and the Company's banking subsidiary meets certain capital requirements.
- F6Originally 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.
- 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 (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.