Edgar Filing: INDEPENDENT BANK CORP

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â Nadeau Gerard F

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2007

3. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [INDB]

(Last)

(First)

(Middle)

288 UNION STREET

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Vice President

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

ROCKLAND,Â MAÂ 02370

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock ⁽¹⁾	2,896.677	D	Â
Common Stock ⁽²⁾	156.9	I	by Daughter
Common Stock ⁽²⁾	158.284	I	by Son

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	06/22/2001⁽³⁾	12/20/2010	Common Stock	4,675	$ 11.9063	D	Â
Incentive Stock Option (right to buy)	06/24/2000⁽⁴⁾	12/22/2009	Common Stock	3,000	$ 12.4063	D	Â
Incentive Stock Option (right to buy)	06/24/1999⁽⁵⁾	12/22/2008	Common Stock	800	$ 17.25	D	Â
Incentive Stock Option (right to buy)	06/21/2002⁽⁶⁾	12/19/2011	Common Stock	4,900	$ 20.125	D	Â
Incentive Stock Option (right to buy)	06/20/2003⁽⁷⁾	12/19/2012	Common Stock	4,375	$ 23.47	D	Â
Incentive Stock Option (right to buy)	06/11/2004⁽⁸⁾	12/11/2013	Common Stock	3,658	$ 30.14	D	Â
Incentive Stock Option (right to buy)	06/09/2005⁽⁹⁾	12/09/2014	Common Stock	793	$ 34.18	D	Â
Non-Qualified Stock Option (right to buy)	12/15/2005⁽¹⁰⁾	12/14/2012	Common Stock	7,500	$ 28.895	D	Â
Non-Qualified Stock Option (right to buy)	06/11/2004⁽⁸⁾	12/11/2013	Common Stock	192	$ 30.14	D	Â
Non-Qualified Stock Option (right to buy)	02/15/2008⁽¹¹⁾	02/15/2017	Common Stock	5,000	$ 32.995	D	Â
Non-Qualified Stock Option (right to buy)	06/09/2005⁽⁹⁾	12/09/2014	Common Stock	5,707	$ 34.18	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Nadeau Gerard F 288 UNION STREET ROCKLAND,Â MAÂ 02370	Â	Â	Â Executive Vice President	Â

Signatures

By: Linda M. Campion, Power of Attorney For: Gerard F. Nadeau		07/06/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Direct holdings include 896.677 shares held by Filer in broker name and 2,000 shares held joint w/spouse
(2)	The filing of this statement should not be construed as an admission that the undersigned is, for purposes of Section 16 of the Securites and Exchange Act, the beneficial owner of such securities.
(3)	Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan ("the Plan"). 1,559 shares pursuant to the Option first became exercisable on 6/22/01, 1,559 shares first became exercisable on 1/2/02 and the remaining 1,557 shares first became exercisable on 1/2/03. The Option will expire on 12/20/10 subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.
(4)	Granted under the 1997 Plan. 1,634 shares first became exercisable on 6/24/00, 1,634 shares first became exercisable on 1/2/01, and the remaining 1,632 shares first became exercisable on 1/2/02. The Option will expire on 12/22/09, subject to the earlier termination provisions noted above.
(5)	Granted under the 1997 Plan. 1,334 shares first became exercisable on 6/24/99, 1,334 shares first became exercisable on 1/2/00, and the remaining 1,332 shares first became exercisable on 1/2/01. The Option will expire on 12/22/08, subject to the earlier termination provisions noted above.
(6)	Granted under the 1997 Plan. 1,634 shares first became exercisable on 6/21/02, 1,633 shares first became exercisable on 1/2/03, and the remaining 1,633 shares first became exercisable on 1/2/04. The Option will expire on 12/19/11, subject to the earlier termination provisions noted above.
(7)	Granted under the 1997 Plan. 1,459 shares first became exercisable on 6/20/03, 1,458 shares first became exercisable on 1/2/04, and the remaining 1,458 shares first became exercisable on 1/2/05. The Option will expire on 12/19/12, subject to the earlier termination provisions noted above.
(8)	Granted under the 1997 Plan. 1, 284 shares first became exercisable on 6/11/04, 1,283 shares first became exercisable on 1/2/05 and the remaining 1,283 shares first became exercisable on 1/2/06. The Option will expire on 12/11/13, subject to the earlier termination provisions noted above.
(9)	Granted under the 1997 Plan on 12/9/04. All options fully vested a/o 12/15/05. The Option will expire on 12/9/14, subject to the earlier termination provisions noted above.
(10)	Non-Qualified Stock Options granted under the Independent Bank Corp. 2005 Employee Stock Plan ("2005 Plan"). The Options immediately vested and will expire on 12/14/12, unless earlier terminated in accordance with the Stock Option Agreement.
(11)	Granted under the 2005 Plan. The Options vest in equal installments of 1,000 shares over a five-year term beginning on 2/15/08 and thereafter on each successive anniversary date (2/15/09-2/15/12). The Options expire on 2/15/17, unless earlier terminated in accordance with the Stock Option Agreement.

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