SEC Form 4 · accession 0000776901-15-000190
INDEPENDENT BANK CORP · INDB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond G Fuerschbach
Officer — Senior Vice President
Period of report
Jul 29, 2015
Accepted (ET)
Jul 31, 2015 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000776901
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 29, 2015 | M | 4,250 | $28.27 | A | 26,429 | D | |
| Common StockF2 | Jul 29, 2015 | F | 529 | $48.02 | D | 22,179 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock Option (Right to Buy)F3 | $28.27 | Jul 29, 2015 | M | 4,250 | D | Feb 14, 2009 | Feb 14, 2018 | Common Stock | 4,250 | 0 | D |
Explanation of responses
- F1The exercise of this stock option was at the direction of the reporting person's former spouse pursuant to a divorce settlement decree and therefore did not result in an acquisition of beneficial ownership by the reporting person.
- F2Amount reflects the transfer to the reporting officer's former spouse of the 4,250 shares (less shares withheld to satisfy tax obligations) underlying the stock option exercised on 7/29/15 as referenced in footnote (1).
- F3Granted under the Independent Bank Corp 2005 Employee Stock Option Plan 1700 shares became exercisable on 2/14/09 and 1700 shares became exercisable annually from 2/14/10 to 2/14/13.