4//SEC Filing
SEACOAST BANKING CORP OF FLORIDA 4
Accession 0001209191-06-033536
$SBCFCIK 0000730708operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 10:17 AM ET
Size
15.5 KB
Accession
0001209191-06-033536
Insider Transaction Report
Form 4
GILBERT A DOUGLAS
DirectorPres. & Chief Operating Off.
Transactions
- Award
Common Stock
2006-05-26+7,500→ 7,500 total
Holdings
- 9,900
Common Stock Right to Buy
Exercise: $7.73From: 2001-05-20Exp: 2007-05-20→ Common Stock (9,900 underlying) - 20,829
Common Stock
- 1,060
Common Stock
- 58,621(indirect: By Spouse)
Common Stock
- 48,000
Common Stock
- 72,600
Common Stock Right to Buy
Exercise: $8.79From: 1999-07-01Exp: 2008-06-30→ Common Stock (72,600 underlying) - 7,129.651
Common Stock
- 10,292
Common Stock
- 795(indirect: Held by Son)
Common Stock
- 31,400
Common Stock
Footnotes (9)
- [F1]Represents a time-based restricted stock award granted on 5/16/2006 under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 25% increments beginning on the second anniversary of the date of grant, and each of the three anniversaries thereafter, subject to continued employment.
- [F2]21,000 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 7,000 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 10,400 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, in 2,600 share increments on each anniversary of the date of grant (12/21/04).
- [F3]35,000 shares represent a performance based 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, 2004. Another 13,000 shares represent a 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. Both restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year. 38% EPS growth = 25% vesting; 50% EPS growth = 50% vesting; 75% EPS growth = 75% vesting; 85% EPS growth = 100% vesting. Notwithstanding the above schedule, 100% of the performance based awards 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]Held jointly with spouse
- [F5]Represent shares held in the Company's Profit sharing Plan as of March 31, 2006.
- [F6]Held in IRA
- [F7]Granted pursuant to Seacoast Banking Corporation of Florida's 1996 Long-Term Incentive Plan.
- [F8]The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual exercise price is $8.787879.
- [F9]The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual exercise price is $7.727273.
Documents
Issuer
SEACOAST BANKING CORP OF FLORIDA
CIK 0000730708
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000730708
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 10:17 AM ET
- Size
- 15.5 KB