SEC Form 4 · accession 0000776901-16-000494
INDEPENDENT BANK CORP · INDB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Cozzone
Officer — CFO and Treasurer
Period of report
Aug 31, 2016
Accepted (ET)
Sep 1, 2016 · 4:05 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 | Aug 31, 2016 | M | 1,250 | $32.995 | A | 22,323 | D | |
| Common Stock | Aug 31, 2016 | S | 1,250 | $53.114 | D | 21,073 | 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)F2 | $32.995 | Aug 31, 2016 | M | 1,250 | D | Feb 15, 2012 | Feb 15, 2017 | Common Stock | 1,250 | 0 | D |
Explanation of responses
- F1Total Holdings include 2,626.1963 shares held in Filer's 401(k) account
- F2Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan (2005 Plan). Options vest in equal installments of 800 shares over a five-year period beginning on 2/15/08 and thereafter on each successive anniversary date (2/15/09-2/15/12), subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.