SEC Form 4 · accession 0000776901-16-000457
INDEPENDENT BANK CORP · INDB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maurice H Sullivan Jr.
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 4:04 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,F2,F3,F4 | Jun 1, 2016 | S | 3,000 | $49.6759 | D | 13,275 | I | IRA |
| Common StockF4 | holding | — | — | — | 453 | I | Spouse f/b/o Grandchild | |
| Common StockF4 | holding | — | — | — | 3,174 | I | Spouse | |
| Common StockF2,F4 | holding | — | — | — | 4,917 | I | ESOP | |
| Common StockF3 | holding | — | — | — | 28,455 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This price represents the weighted average purchase price of stock sales that were executed at prices ranging from $49.57 through $49.79 per share. The reporting person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares purchased at each separate price.
- F2The sale of a total of 7,425 shares reported in Forms 4 filed on 8/19/15, 10/27/15 and 5/11/16 were effected through the reporting person's ESOP but were inadvertently reported as sales from the Filer's IRA holding. The amounts reported here have been adjusted accordingly.
- F3The sale of 3,000 shares reported in a Form 4 filed on 4/28/16 was effected through the reporting person's IRA but was inadvertently reported as a sale of directly held shares. The amounts reported here have been adjusted accordingly.
- F4The filing of this statement should not be construed as an admission that the undersigned is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.