Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FUERSCHBACH RAYMOND G
   2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [INDB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
288 UNION STREET		 3. Date of Earliest Transaction (Month/Day/Year)
02/16/2012
(Street)

ROCKLAND, MA 02370		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/16/2012   S   1,287 D $ 27.831 18,989 D  
Common Stock 02/16/2012   S   800 D $ 27.844 18,189 D  
Common Stock 02/16/2012   S   400 D $ 27.87 17,789 D  
Common Stock 02/16/2012   S   300 D $ 27.911 17,489 D  
Common Stock 02/16/2012   S   200 D $ 27.94 17,289 D  
Common Stock 02/16/2012   S   100 D $ 27.99 17,189 D  
Common Stock 02/16/2012   S   500 D $ 28 16,689 D  
Common Stock 02/16/2012   S   213 D $ 28.02 16,476 D  
Common Stock 02/16/2012   A   3,800 (1) A $ 0 20,276 D  
Common Stock 02/17/2012   F   151 D $ 28.275 (2) 20,125 D  
Common Stock 02/17/2012   M   2,695 A $ 23.47 22,820 D  
Common Stock 02/17/2012   M   1,105 A $ 23.47 23,925 (3) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
ISO - Stock Option (Right to Buy) $ 23.47 02/17/2012   M     2,695 01/02/2005(4) 12/19/2012 Common Stock 2,695 $ 23.47 2,695 D  
NQ - Stock Option (Right to Buy) $ 23.47 02/20/2012   M     1,105 06/20/2003(5) 12/19/2012 Common Stock 1,105 $ 23.47 1,105 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FUERSCHBACH RAYMOND G
288 UNION STREET
ROCKLAND, MA 02370		       Senior Vice President  

Signatures

 Jennifer M. Kingston, Power of Attorney   02/21/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Independent Bank Corp. awarded restricted stock to reporting person.
(2) Price stated is the FMV as of February 17, 2012. FMV is calculated in accordance with the terms of the Restricted Stock Agreement.
(3) Total holdings also reflects the transfer of Independent Bank Corp. [Common Stock] pursuant to a domestic relations order, which transfer was exempt pursuant to Rule 16a-12 since the last Form 4 filing (5/11).
(4) Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 826 shares became exercisable on 6/20/03, 2,031 shares became exercisable on 1/2/04, and the remaining 2,533 shares became exercisable on 1/2/05, subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.
(5) Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 1,708 shares became exercisable on 6/20/03 and the remaining 502 shares became exercisable on 1/2/04, subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.

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