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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Right to Buy (5) | $ 12.63 | 01/29/2015 | A | 17,975 | (6) | 01/29/2023 | Common Stock | 17,975 | $ 12.63 | 17,975 | D | ||||
Common Stock Right to Buy (5) | $ 10.54 | 04/29/2015(7) | 04/29/2024 | Common Stock | 50,000 | 50,000 | D | ||||||||
Common Stock Right to Buy (5) | $ 11 | 06/28/2014(8) | 06/27/2023 | Common Stock | 19,400 | 19,400 | D | ||||||||
Stock-settled Stock Appreciation Rights (9) | $ 111.1 | 04/02/2012(10) | 04/01/2017 | Common Stock | 14,627 | 14,627 | D | ||||||||
Stock-settled Stock Appreciation Rights (9) | $ 133.6 | 05/16/2011(10) | 05/15/2016 | Common Stock | 5,520 | 5,520 | D | ||||||||
Common Stock Right to Buy (9) | $ 112 | 12/21/2009(10) | 12/20/2014 | Common Stock | 6,000 | 6,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HUDSON DENNIS S III SEACOAST BANKING CORP. OF FLORIDA P.O. BOX 9012 STUART, FL 34995 |
X | Chairman & CEO |
Sharon Mehl as Power of Attorney for Dennis S. Hudson, III | 02/02/2015 | |
**Signature of Reporting Person | Date |
* | 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) | Shares held in Trust |
(2) | Represents unvested shares in performance based restricted stock award granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). These awards are subject to compliance with the EESA, and will vest in their entirety on the later of: i) the fifth anniversary of the Grant Date, provided Mr. Hudson is employed by the Company or a subsidiary on such date, and ii) the Company's attainment of an annual return on equity of 10% or more for any fiscal year starting after the Grant Date. |
(3) | Represent shares held in the Company's Retirement Savings Plan as of March 31, 2014 |
(4) | Shares held jointly with spouse |
(5) | Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan |
(6) | Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock must increase to $15.156 or more; and 2) Seacoast's Tier 1 Capital must be equal to or greater than the regulatory standard. Once performance criteria is met, option shall vest in equal installments at the end of each month over the next 48 months, provided that Optionee remains in Continuous Service on each applicable vesting date. |
(7) | Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continue employment. |
(8) | Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment. |
(9) | Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan |
(10) | Date fully vested |