SEC Form 4 · accession 0000776901-15-000229
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
Oct 27, 2015
Accepted (ET)
Oct 28, 2015 · 4:07 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 | Oct 27, 2015 | M | 1,750 | $27.425 | A | 23,929 | D | |
| Common StockF2 | Oct 27, 2015 | F | 217 | $47.24 | 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 | $27.425 | Oct 27, 2015 | M | 1,750 | D | Feb 17, 2012 | Feb 17, 2021 | Common Stock | 1,750 | 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 1,750 shares (less shares withheld to satisfy tax obligations) underlying the stock option exercised on 10/27/15 as referenced in footnote (1).
- F3Granted under the Independent Bank Corp 2005 Employee Stock Option Plan 1,167 shares became exercisable on each of 2/17/12 and 2/17/13 and 1,166 shares became exercisable on 2/17/14.