SEC Form 4 · accession 0000776901-19-000084
INDEPENDENT BANK CORP · INDB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Cozzone
Officer — CFO
Period of report
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 4:14 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 | Mar 11, 2019 | M | 2,500 | $27.575 | A | 30,433 | D | |
| Common StockF2,F1 | Mar 11, 2019 | S | 2,500 | $81.6395 | D | 27,933 | 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 | $27.575 | Mar 11, 2019 | M | 2,500 | D | Jan 2, 2012 | Feb 10, 2021 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Total Holdings include 2,836.4478 shares held in Filer's 401(k) account
- F2This price represents the weighted average purchase price of stock sales that were executed at prices ranging from $81.50 through $81.88 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.
- F3Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan (2005 Plan). 834 shares shall first become exercisable on 1/2/12; 833 shares shall first become on 1/02/13, and the remaining 833 shares shall first become exercisable on 1/2/14, subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.