4//SEC Filing
SEACOAST BANKING CORP OF FLORIDA 4
Accession 0000730708-04-000033
$SBCFCIK 0000730708operating
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 11:13 AM ET
Size
15.8 KB
Accession
0000730708-04-000033
Insider Transaction Report
Form 4
CURTIS C WILLIAM JR
Sr. Exec. VP & CBO
Transactions
- Award
Common Stock
2004-12-21−1,500→ 8,700 total - Award
Common Stock - Right to Buy
2004-12-21$22.40/sh+7,000$156,800→ 7,000 totalExercise: $22.40Exp: 2014-12-21→ Common Stock (7,000 underlying)
Holdings
- 15,000
Common Stock - Right to Buy
Exercise: $17.08Exp: 2013-11-17→ Common Stock (15,000 underlying) - 70,782(indirect: By Spouse)
Common Stock
- 48,600
Common Stock - Right to Buy
Exercise: $8.79From: 1999-07-01Exp: 2008-06-30→ Common Stock (48,600 underlying) - 110(indirect: By Spouse)
Common Stock
Footnotes (8)
- [F1]Represents a restricted stock award granted under Seacoast's 2000 Long-term Incentive Plan which shall vest over 5 years at the rate of 20% of the first anniversary of the date of grant (12/21/04) and then at the rate of 20% on each of the following four anniversaries, subject to continued employment.
- [F2]3,200 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 800 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 4,000 shares represent a performance based restricted stock award granted under 2000 Incentive Plan which shall vest, subject to continued employment, over a 5-yr performance period beginning Jan.1, 2004 as to the following percentage of shares based on the Company's EPS growth over the performance period compared to fiscal year 2003 EPS: 38% EPS growth=25% vesting; 50% EPS growth=50% vesting; 75% EPS growth=75% vesting; 85% EPS growth=100% vesting. Notwithstanding the above, 100% of the performance based award shall vest on the fifth anniversary of the grant date if the Company achieves an ROE of at least 16.5% for 3 consecutive quarters during the performance period, regardless of whether the EPS targets are met.
- [F3]Represents restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning January 1, 2005 as to the following percentage of shares based on the Company's EPS growth over the performance period compared to fiscal year 2004 EPS: 38% EPS growth = 25% vesting; 50% EPS growth = 50% vesting; 75% EPS growth = 75% vesting; 85% EPS growth = 100% vesting. Notwithstanding the above, 100% of the performance based award shall vest on the fifth anniversary of the grant date if the Company achieves an ROE of at least 16.5% for 3 consecutive quarters during the performance period, regardless of whether the EPS targets are met.
- [F4]Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan.
- [F5]Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (12/21/04) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
- [F6]Granted pursuant to Seacoast Banking Corporation of Florida's 1996 Long-Term Incentive Plan.
- [F7]The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of Mr. Curtis' stock options is $8.787879.
- [F8]Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
Documents
Issuer
SEACOAST BANKING CORP OF FLORIDA
CIK 0000730708
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000730708
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 11:13 AM ET
- Size
- 15.8 KB