SEC Form 4 · accession 0000776901-17-000257
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
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 5:32 pm EST
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 | Nov 2, 2017 | M | 3,250 | $28.27 | A | 27,486 | D | |
| Common Stock | Nov 2, 2017 | S | 3,250 | $72.50 | D | 24,236 | 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 | Nov 2, 2017 | M | 3,250 | D | Feb 14, 2013 | Feb 14, 2018 | Common Stock | 3,250 | 0 | D |
Explanation of responses
- F1Total Holdings include 2,762.9925 shares held in Filer's 401(k) account
- F2Holdings include 221.2238 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/21/17). Such transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
- F3Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan (2005 Plan). Options vest in equal installments of 1,200 shares over a five-year period beginning on 2/14/09 and thereafter on each successive anniversary date (2/14/10 - 2/14/13).