4//SEC Filing
SEACOAST BANKING CORP OF FLORIDA 4
Accession 0001209191-06-033541
$SBCFCIK 0000730708operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 10:23 AM ET
Size
17.0 KB
Accession
0001209191-06-033541
Insider Transaction Report
Form 4
Strickland O Jean
Exec. VP & Pres. of Subsidiary
Transactions
- Award
Stock-settled Stock Appreciation Right
2006-05-26+18,200→ 18,200 totalExercise: $26.72From: 2008-05-16Exp: 2016-05-16→ Common Stock (18,200 underlying)
Holdings
- 3,734.235
Common Stock
- 6,600
Common Stock Right to Buy
Exercise: $7.73From: 2001-05-20Exp: 2007-05-20→ Common Stock (6,600 underlying) - 11,000
Common Stock Right to Buy
Exercise: $17.08From: 2004-11-17Exp: 2013-11-17→ Common Stock (11,000 underlying) - 2,530
Common Stock
- 4,000
Common Stock Right to Buy
Exercise: $22.40From: 2005-12-21Exp: 2014-12-21→ Common Stock (4,000 underlying) - 4,344
Common Stock
- 23,100
Common Stock Right to Buy
Exercise: $8.79From: 1999-07-01Exp: 2008-06-30→ Common Stock (23,100 underlying) - 3,850
Common Stock
- 9,710
Common Stock
Footnotes (10)
- [F1]Shares held jointly with spouse
- [F10]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.
- [F2]1,650 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 550-share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 880 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 220-share increments on each anniversary of the date of grant (12/21/04).
- [F3]2,750 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 1,100 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% growth 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]Represent shares held in the Company's Profit Sharing Plan as of March 31, 2006.
- [F5]Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan.
- [F6]Represents stock-settled stock appreciation rights granted on 5/16/2006 which will vest over five years in 25% increments beginning on the second anniversary of the date of grant and each of the following three anniversaires thereafter, subject to continued employment.
- [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 price of the stock option is $7.72727.
- [F9]The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of the stock option is $8.787879.
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, 10:23 AM ET
- Size
- 17.0 KB